Q.6 Ram and Shyam are partners sharing profits equally. Ram withdrew Rs. 1,000 p.m regularly on the first day of every month for personal expenses. Interest on drawings charged @5%. Calculate Interest on drawings of Ram.
(a) Rs. 600 (b) Rs. 250
(c) Rs. 500 (d) Rs. 1,200 (1)
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Answer:
d) Rs. 250
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