QUESTION TWO Jack and Jane are in partnership Jack made the following drawings in the year...
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QUESTION TWO Jack and Jane are in partnership Jack made the following drawings in the year 2020. Calculate the total interest when interest on drawings is 5% per annum (10 marks) Jack January 1st March 1st May 31st July 1st October 31st 2000 4800 2400 4800 1600 QUESTION TWO Jack and Jane are in partnership Jack made the following drawings in the year 2020. Calculate the total interest when interest on drawings is 5% per annum (10 marks) Jack January 1st March 1st May 31st July 1st October 31st 2000 4800 2400 4800 1600
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Answer rating: 100% (QA)
To calculate the total interest on Jacks drawings at a rate of 5 per annum we need to calculate the interest for each drawing for the time it was outs... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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