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Menon and Thomas are partners in a firm. They share profits equally. Their monthly drawings are Rs. 2,000 each. Interest on drawings is to be charged @ 10% p.a. Calculate interest on Menon’s drawings for the year 2006, assuming that money is withdrawn: 

(i) in the beginning of every month, 

(ii) in the middle of every month, and 

(iii) at the end of every month

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Interest on Darwings

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