On 1st January 2020 a partner and once a loan of 1 lakh to farm in the absence of agreement interest on loan on 31st March 2020 will be
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Answer:
1111.11
Explanation:
in my opinion interest will be charged on the basis of date ; 3months(january, february, march)=90 days
So 100,000÷90=1111.1111
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