34. A person has borrowed money from a co-operative bank. His transactions are as under. If...
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34. A person has borrowed money from a co-operative bank. His transactions are as under. If interest rate is 18% then calculate the interest for the month. Date 1st August 2008 6th August 2008 13th August 2008 26th August 2008 28th August 2008 Money Lent (Rs.) 80,000 40,000 1,20,000 Money Paid (Rs.) 90,000 - 70,000 34. A person has borrowed money from a co-operative bank. His transactions are as under. If interest rate is 18% then calculate the interest for the month. Date 1st August 2008 6th August 2008 13th August 2008 26th August 2008 28th August 2008 Money Lent (Rs.) 80,000 40,000 1,20,000 Money Paid (Rs.) 90,000 - 70,000
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Lets calculate the interest for each transaction Date 182008 Money Lent Rs 80000 Money Paid Rs Since ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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