In a partnership firm, Ram
withdraws Rs. 400 in the
middle of each month while
Rohan withdraws Rs. 300 at
the end of each month
during the year. Calculate
the interest on drawing @
15% p.a.
Ram - Rs. 360, Rohan - Rs. 247.50
Ram - Rs. 60, Rohan - Rs. 45
Ram - Rs. 720, Rohan - Rs. 540
Ram - Rs. 312, Rohan - Rs. 270
Answers
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Answer:
Ram -Rs. 360 , Rohan -Rs. 247.50
Explanation:
Total drawings of Ram= 400×12=4800
int. on drawing of Ram =4800×15÷100×6÷12=360
Total drawings of Rohan=300×12=3600
Int. on drawings of Rohan=3600×15÷100×5.5÷12=247.5
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