Question

c. Provide interest on capital of Rs.15,00,000 at 6% p.a. for 9 months.

Answer 1

Interest on capital = 15,00,000*6/100*9/12

After Calculation,, we get

Interest on capital ==) 67,500

Answer 2

The required interest on capital is ₹67500

Given:

Principal amount (Capital) = 1500000

Rate of interest per annum = 6%

Number of months = 9

To find:

The interest

Formula:

$\text { Interest on Capital }=\frac{\text { Amount } \times \text { Rate } \times \text { Months }}{12 \times 100}$

On substituting the value in the formula we get,

$\Rightarrow \frac{1500000 \times 6 \times 9}{1200} \rightarrow \frac{81000000}{1200} \rightarrow 67500$

Therefore, the interest on capital is ₹67500.

Learn more about interest on capital

Provided interest on capital rupees 50000 at 6% for 6 months.

journal entry?

https://brainly.in/question/5739212

Provide interest on capital of 100000 at rate 10% per annum journal entry

https://brainly.in/question/9480045