Rule 20 — CAM

* Instalment in repayment of advance recovered through the pay bill will be taken as having been recovered on the first of the following month in terms of Govt. of India’s decision No. 1 and 2 below Rule 20 below Compendium of Rules on Advances. * # #NIL/NIL from principal but interest instalment payable +Total of progressive reduced balances for the 3 years = 1,19,000+90,000+1,000 = ₹ 2,10,000 * Interest Due : * Formula (1) based on total of reduced progressive balance : 2,10,000 x 5/1,200 = ₹ 875 OR * Formula (2) i.e. of arithmetical progression when recoveries are regular : 20,000 x [(20+1)/2] x [5/(100x12)] = Rs/ 875