Question

A and B are two partners. They agreed to allow interest on capital @ 5% per annum. Capital accounts as
on 1.4.19 were A 20,000 and B 15,000.
A introduced further capital of 5,000 on 1.10.19 and B introduced * 3,000 on 1.10.19.
Calculate Interest on Capital of each Partner as 31.3.20.
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Answer 1

$\huge\mathbb\purple{AnSwEr}$

interest on capital of A=1125

Interest on capital of B= 825

$interest \: on \: capital \: of \: a : - \\ capital \: on \: 1\4\19 = 20000 \: (to \: 31 - 3 - 20) \\so \: period \: = 12 \: months = 20000 \times \frac{5}{100} \\ \: \: \: \: = 1000 \\ additional \: capital(on \: 1 - 10 - 19) = 5000 \\ 5000 \times \frac{5}{100} \times \frac{6}{12} = 125 \\ 1000 + 125 = 1125 \\ \\ interest \: on \: capital \: of \: b : - \\ capital = 15000 \\ period = 12 \: monts \\ 15000 \times \frac{5}{100} = 750 \\ additional \: capital = 3000 \\ period = 6 \: months \\ 3000 \times \frac{5}{100} \times \frac{6}{12} = 75 \\ = 750 + 75 = 825$