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     EduGorilla 
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    From the following particulars, calculate the interest amount to be debited on the basis of a current account, as sent by Mr. Ram to Mr. Siva as on October 31, 2016 by means of product method charging interest @ 5% p.a.

    2016 Particulars Rs.
    1st July Balance due from Siva 750
    15th August Sold goods to Siva 1250
    20th August Goods returned by Siva 200
    22nd Sept Siva paid by cheque 800
    15th Oct Received cash from Siva 500

    Options :-

    1. Rs. 17.48
    2. Rs. 18.47
    3. Rs. 18.48
    4. Rs. 17.84
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