Question

Ram and Shyam are partners, sharing profit and losses equally. Ram withdrew Rs. 1000 p.m. regularly on the first day of every month. If interest on drawings charged 5% p.a. Calculate interest on the drawings of Ram. a.) ₹ 125 b.) ₹ 625 c.) ₹ 525 d.) ₹ 325

Answer 1

Answer:

Your answer is option d)₹325

Explanation:

Withdrew 1000 p.m.

so total Drawings in a year is 12000

Interest=5%

Interest on Drawing=Total Drawings× rate/100×average period/12

=12000×5/100×6.5/12

=325

So answer is 325

Hope it helps you

Answer 2

Explanation:

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