Question

ram and mohan two partners drew for private use Rs120,000 and Rs80,000 interest is chargeable @6% p.a. or the drawings. what is the total interest ?​

Answer 1

Answer:

the interest of ram is 7200

and interest of Mohan is 4800

Explanation:

ram sum of money borrowed is 12,0000

interest =P×R×T/100

120000×6×x/100 =7200

principal of Mohan is 80000

the interest. P×R×T/100=4800

so the interest of ram is 7200

and interest of Mohan is 4800

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