Question

Arun is a partner in a firm.during the year 2019-20 ge withdraw ₹6000 for his personal use. He drew the sumof 15 oct 2019. Interest is charge 12% p.a. Calculate interest of drawing.​

Answer 1

Answer:

Interest on drawings for 6 months = 360

Explanation:

Drawings = 6,000

Interest on drawings = 12% p.a.

Calculation of Interest on drawings =

6,000 × $\frac{12}{100}$ × $\frac{6}{12}$ = 360