Question

Ram and Rohit started business on 1st April 2012 with capitals of Rs. 2,50,000 and

Rs.1,50,000 respectively. On the 1st of October 2012, they decided that their capitals

should be Rs.2,00,000 each. The necessary adjustments in the capitals were made by

introducing or withdrawing cash. Interest on capital is allowed at 8% p.a. Calculate

the interest on Rohit’s Capital on March 31, 2013.
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Answer 1

in as capital, withdrawal of capital, share of profit, interest ... Mansoor introduced additional capital of ... Interest is allowed @ 8% p.a. Calculate interest payable on capital.