Q.9 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:
(a) Rs. 600
Explanation:
1000×12×5÷100
12000×0.05
₹600
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