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DRAWINGS

Find the average due date of payment for the data given below :

Date of AcceptanceDue DateAmount
14.1.201417.2.20142,100
30.1.20143.3.2014900
6.3.20149.4.2014500
9.3.201412.4.20143,000
11.4.201414.5.20142,000

Satyajit and Prosenjit are two partners of a firm. They have drawn the following amounts from the firm in the year ending 31st March, 2006.

SatyajitProsenjit
Date~Date~
2014 1st July3002014 1st June500
30th Sept.5001st Aug.400
1st Nov.8002015 1st Feb.400
2015 28th Feb.2001st Mar.900
Interest at 6% is charge on all drawings. Calculate interest chargeable under average due date system. (Calculation to be made in month)

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