Question

Q.6 Rajan started a business on 1st Jan, 2015 with a capital of ` 2,00,000 and loan ` 1,00,000 from the bank. On 31st Dec. 2015 his assets were ` 3,50,000. Find out capital as on 31st Dec. 2015 and profit earned during the year.
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Answer 1

Explanation:

Interest on A's Capital: Rs.

Interest on Rs.6,00,000 for one year: (Rs.6,00,000×

100

10

)

Interest on Rs.1,00,000 for 6 months: (Rs.1,00,000×

12

6

×

100

10

)

(from 1st October, 2017 to 31st March, 2018) 60,000

5,000

65,000

Interest on B's Capital:

Interest on Rs.4,00,000 for one year Rs.4,00,000×

100

10

Rs.40,000