Question

Rahul and Shubham are partners in a partnership. Rahul withdraw Rs 4,000
during the year as drawings. Interest on drawings is charged @ 15% p.a. The amount
of interest on drawings at the end of the year will be:
(A)Rs 300
(B)Rs 600
(C)Rs 1,200
(D)Rs 150

Answer 1

Answer:

Rs 600

Explanation:

interest = (p×r×t)/100

(4000×15×1)/100 = 600

Answer 2

$\underline{\bf{Answer:-}}$

300 (A)

$\underline{\bf{Question:-}}$

Rahul and Shubham are partners in a partnership. Rahul withdraw Rs 4,000 during the year as drawings. Interest on drawings is charged @ 15% p.a. The amount of interest on drawings at the end of the year will be:

• (A) Rs 300

• (B) Rs 600

• (C) Rs 1,200

• (D) Rs 150

$\underline{\bf{Given\:that:-}}$

Rahul and Shubham are partners in a partnership

Rahul withdraw Rs 4,000 Interest on drawings is charged @ 15% p.a.

$\underline{\bf{Formula:-}}$

$\sf{Interest\:On\:drawings=Total\:of\:Drawings\:\times\:\dfrac{rate}{100}\:\times\:\dfrac{Average\:period}{12}}$

$\underline{\bf{Solution:-}}$

Total amt = 4,000

Rate = 15%

Average period = 6 months

$\sf{\implies\:Interest\:On\:drawings=Total\:of\:Drawings\:\times\:\dfrac{rate}{100}\:\times\:\dfrac{Average\:period}{12}}$

$\sf{\implies\:Interest\:On\:drawings=4,000\:\times\:\dfrac{15}{100}\:\times\:\dfrac{6}{12}}$

$\sf{\implies\:Interest\:On\:drawings=300}$

$\boxed{\bf{\implies\:Interest\:On\:drawings=300}}$