A draws ₹ 1,000 per month on the last day of every month. If the rate of interest is 5% p.a., then the total interest on drawings will be :
A. ₹ 325
B. ₹ 275
C. ₹ 300
D. ₹ 350
Answer:B
A draws ₹ 1,000 per month on the last day of every month. If the rate of interest is 5% p.a., then the total interest on drawings will be :
A. ₹ 325 B. ₹ 275 C. ₹ 300 D. ₹ 350