Ram and Mohan two partners, drew for private use ₹120000 and ₹80000. Interest is chargeable @ 6% p.a. on the drawings. What is the total interest?
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Answer:
Ram's interest = 1,20,000 × 6/100 × 6/12 = 3600
shyam's interest = 80,000 × 6/100 × 6/12 = 2400
total interest = 3600 + 2400 = 6000
(I have taken 6 months because if no months given in question so that average 6 months are taken)
Answered by
1
Answer:
Ram's interest = 1,20,000 × 6/100 × 6/12 = 3600
shyam's interest = 80,000 × 6/100 × 6/12 = 2400
total interest = 3600 + 2400 = 6000
(I have taken 6 months because if no months given in question so that average 6 months are taken)
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