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Interest will be paid half yearly on 31st of March and 30th of September. 1. On the date of purchase i.e. 1st December. 2 months interest got accrued. (October and November). Interest= 10 lakhs *12%*2/12 = Rs. 20,000 2. On the date of sale, i.e. 1st March. 5 months interest got accrued. (October, November, December, January and February) Interest= 10 lakhs *12%*5/12 = Rs. 50,000
