Question

Interest on Drawings
. Ram and Mohan, two partners, draw for their personal use ? 60,000 and 40,000 respectively. Interest
is chargeable @ 6% p.a. on the drawings. Determine the amount of interest chargeable from each
partner.
please solve this question urgently​

Answer 1

Answer:

Ram interest is 3600

and mohan interest is 2400

Answer 2

Total drawings of Ram=60000

Time is of 6 months

60000×6/12×6/100

1800

Total drawings of Mohan=40000

Time =6 months

40000×6/100×6/12

1200