Question

Sachin and Suresh were equal partners . Their capital as on 1-4-2019 were Rs. 80000 and Rs. 60000 respectively.

On 1-7-2019 Sachin Withdrew Rs. 10000 from his capital and on 31-12-2019 Suresh bring Rs.10000 as additional

Capital. Calculate the interest on capital @6% P.a assuming that the books of accounts are closed on 31st March

every year.
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Answer 1

$\huge\mathbb\purple{AnSwEr:-}$

$\sf\red{interest \: on \: capital \: of \: sachin:-}$

➝Capital= 80000

➝rate=6%

➝Drawings (on 1-7-19) =10000

= 80000×6/100×3/12= 1200

=80000-10000= 70000

=70000×6/100×9/12 = 3150

ie, interst= 1200+3150=4350

$\sf\green{interest\: on \: capital\: of \: Suresh:-}$

➝capital=60000

➝rate=6%

➝additional capital=10000(on 31 -12-19)

=60000×6/100×9/12=2700

= 10000×6/100×3/12=150

interest= 2700+150= 2850

So, interest on capital of sachin=4350

Interest on capital of Suresh=2850