Question

in a partnership firm a partner withdrew 5000 per month on the first day of every month during the year of personal expenses if interest on drawing is charged for 6% per annum the interest charge will be
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Answer 1

Explanation:

In a partnership firm, a partner withdrew Rs 5,000 per month on the first day of every month during the year for personal use. If interest on drawings. is charged 6% p.a. the interest charged will be: Rs 3,600.