A , B , C are partners with fixed capitals of ₹30000,₹20000 and ₹10000 respectively.they share profit and losses in the ratio of 3:2:1.Interest on drawing is to be charged at the rate of 18% p.a. the capitals are also to be allowed interest @ 9% p.a. the balance of current accounts on 1st January 2019 were A ₹16000 credit , B ₹12000 credit and C ₹800 debit. their drawing during the year were A ₹1200 , B ₹1000 and C ₹800. the profit for the year was ₹17130 before any adjustments for interest as above. show the distribution of profit and draw up the capital and current accounts of the partners.
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Explanation:
the answer for this question is
avg speed × total time = 500
now if we go and calculate the time, the time comes to 15 sec
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