Match List-I with List-II and choose the correct answer from the options given below:List-I (Equal amount of drawings made)(A) At the end of each half year(B) At the beginning of each quarter(C) At the beginning of each month(D) At the end of each quarterList-II (Number of month for which interest calculated)(I) months(II) months(III) months(IV) months
- A(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- B(A) - (IV), (B) - (III), (C) - (I), (D) - (II)
- C(A) - (IV), (B) - (II), (C) - (I), (D) - (III)
- D(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
Solution & Step-by-step Explanation
Let's calculate the average period for interest on drawings:At the beginning of each quarter:
At the beginning of each month:
At the end of each quarter:
At the end of each half year:
Matching gives: (A) - (IV), (B) - (III), (C) - (II), (D) - (I).
At the beginning of each month:
At the end of each quarter:
At the end of each half year:
Matching gives: (A) - (IV), (B) - (III), (C) - (II), (D) - (I).