Question

Q. 'Anup' and 'Gopi are partners in a firm 'Anup draws Rs. 900 regularly in the middle of each month
during the year 2016. "Gopi" draws Rs. 5,400 at the end of each half year. Calculate interest on their drawings at
5% pa​

Answer 1

Answer:

1080

Explanation:

principle amount = 900×12 + 5400×2

P = 21600

years = n = 1

rate of interest = r = 5 % pa

total interest = P x n x r

= 21600×1×5/100

= 216×5

=1080

Answer 2

Anup ₹270
Gopi ₹ 175