(17. Razia, Yasir and Shoaib are partners in a firm.
.
Their capitals as on April 1, 2019 were 5,00,000; * 4,00,000 and * 3,00,000 respectively,
On June 1, 2019 they introduced further capitals of * 1,00,000; * 80,000 and + 1,50,000 respectively.
On February 28, 2020 Yasir withdrew * 15,000 from his capital and on March 31, Shoaib also withdrew
20,000. Interest is to be allowed at 8% p.a. on the capitals.
Compute interest on capitals for the year ending March 31, 2020.
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Razia interest= for 1st 2 months =₹6667
after the intro of new capital=₹40000
Total interst on razia's capital=₹46667
Yasir interst=for 1st 2 mnths=₹5333
after the intro of new capital(9mnths)=₹28800
after withdrew=₹3100
total interest on yasir's capital=₹37233
shoaib interest=for 1st 2 mnths=₹4000
after the intro of new capital=₹30000
Total interest on Shoain's capital=₹34000
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Hope it will help you.
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