On 1st April 2021, 2fs Capital was ₹2,00,000. On 1st October 2021, he introduces additional capital of ₹1,00,000. Interest on capital @ 6% p.a. on 31st March, 2022 will be :
Answers
Answer:
Given data:
The capital on 1st April, 2021, was Rs 2,00,000.
An additional capital of Rs 1,00,000 was introduced on the 1st of October, 2021.
The interest on capital is to be charged at 6% p.a.
To find: The interest on capital as on 31st March, 2022.
Answer:
Interest on capital = (Capital × Rate × Time period) ÷ (100 × 12)
Interest on capital [April - September] = (Rs 2,00,000 × 6 × 6) ÷ (100 × 12) = Rs 6,000
On 1st October, an additional capital of Rs 1,00,000 was introduced. The capital will therefore be Rs 2,00,000 + Rs 1,00,000 = Rs 3,00,000.
Interest on capital [October - March] = (Rs 3,00,000 × 6 × 6) ÷ (100 × 12) = Rs 9,000
The total interest on capital = Rs 6,000 + Rs 9,000 = Rs 15,000.
Therefore, the interest on capital as on 31st March, 2022, is Rs 15,000.
Step-by-step explanation:
Answer:
31st March 2022
Step-by-step explanation:
given data
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