Mr. Alok ones Mr. Samir Rs. 1650 on 1st Jan 2019 From Jan to March the following further transaction took place between Alok and Samir . January 15 – Alok buys goods Rs. 1200 Feb 10- Alok buys goods for Rs. 1850 Mar 7 Alok receives cash loan of Rs 1500 Alok pays the whole amount of 31st March 2019 together with interest of 6% per annum. Calculate the interest by average due date method .

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Tating 1 January as the base date Des aiption Alok No of days from 1 Jan Due Date owes ... View the full answer