Match List-I with List-II
Choose the correct answer from the options given below:
- A\text{(A) - (III), (B) - (II), (C) - (IV), (D) - (I)}
- B\text{(A) - (I), (B) - (III), (C) - (IV), (D) - (I)}
- C\text{(A) - (II), (B) - (III), (C) - (I), (D) - (IV)}
- D\text{(A) - (III), (B) - (IV), (C) - (I), (D) - (II)}
Solution & Step-by-step Explanation
The average period for computing interest on drawings using the shortcut product method is based on the formula:
Let's compute the cases:(A) Beginning of each month:
(B) End of each month:
(C) Middle of each month:
(D) End of each quarter:
Matches: (A) - (II), (B) - (III), (C) - (I), (D) - (IV).
Let's compute the cases:(A) Beginning of each month:
(B) End of each month:
(C) Middle of each month:
(D) End of each quarter:
Matches: (A) - (II), (B) - (III), (C) - (I), (D) - (IV).