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When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings

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When a partner withdraws regularly a fixed sum of money at the middle of every month, period for which interest is to be calculated on the drawings on an average is …..

(a) 5.5 months 

(b) 6 months 

(c) 12 months 

(d) 6.5 months

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1 Answer

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by (48.5k points)

(b) 6 months

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