Question

* Calculation of Interest on Capital*
7. Surajmukhi and Gulab started partnership business on April 1, 2019 with capital of 2,50,000
and 1,50,000 respectively. On October 1, 2019 they decided that their capitals should be
* 2,00,000 each. The necessary adjustments in the capitals are made by introducing or
withdrawing cash. Interest on capital is to be allowed @ 10% p.a. Calculate interest on capital
as on March 31, 2020.
Plz explain step by step derivation. Great and correct answer will be marked as BRAINLIEST.
​

Answer 1

Answer:

* Interest on capital of :-

Surajmukhi _ 22,500

Gulab _ 17,500

Explanation:

interest on capital of surajmukhi :-

from 1 April 2019 _ 30 September 2019

2,50,000×10/100×6/12 = 12,000

from 1 October 2019_ 31 march 2020

2,00,000×10/100×6/12= 10,000

# 12,500+10,000=22,500

*interest on capital of Gulab

from 1april2019 _ 30sep2019

1,50,000×10/100×6/12=7,500

from 1oct2019_31 march 2020

2,00,000×10/100×6/12=10,000

#7,500+10,000=17500 ans

Answer 2

Answer:

Hi dude

Explanation:

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You can delete/report this answer after reading if you want....

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