Question

14. (Interest on Capital/Additional Capital) A and B are partners in 3:2 ratio with c of 50,000 and 40,000. They are allowed interest on capital as follows: On opening capital @9% p.a. On additional capital @ 10% p.a. A made additional contribution of 20,000 after three months and B put additional c of 10,000 after nine months. Calculate interest on Capital.

Answer 1

Answer:

A =6000

B =3850

Explanation:

Int on capital

A = 50000×9% =4500

A contribute additional capital 20000

After 3 month it means it is for 9 month

So int = 20000×10%×9/12 =1500

B = 40000×9% =3600

B contribute additional capital

10000 it was contributed after 9month it means it is for 3 month

So int = 10000 × 10%×3/12 =250

Total int of A = 4500+1500=6000

Total int of B = 3600+250= 3850

HOPE THIS WILL HELPFULL FOR YOU