Question : What time would be taken into consideration if monthly amount is drawn as drawings at the beginning of each month?
Option 1: 7 months
Option 2: 6 months
Option 3: 5 months
Option 4: 6.5 months
Answer (1)
19th Jan, 2024
Correct Answer: 6.5 months
Solution : Time Period = (Time left after 1st drawings + Time left after last drawings)/2 = (12 + 1)/2 = 6.5 months. Hence, the correct option is 4.
Comments (0)
