Question

A,B and C are partners in a business sharing profits and losses in the ratio of 3:2:1. On 30th June 2014, C retired from
business, when his capital account after all necessary adjustments showed a balance of ' 10,950. It was agreed that he
should be paid '4,950 in cash on retirement and the balance in three equal yearly installments with interest @6% per
annum. Amount of last installment will be
a) 2,100
Ob) '2,120
C.
Oc)'2,200
D.
Od)'2,500​

Answer 1

Answer:

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