X and Y are partners and they had rs40000 and 60000 in their respective capital accounts as on 1st january,2019. X paid in further rs5000 on 1st august, 2019 and another rs 5000 on 15th november, 2019. Compute the interest on capital to be allowed to X assuming the rate of interest to be 6% p.a.
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0
Answer:
Yis 15ťh and x is 18th 5000000000ft 584624782gdofhoor
Answered by
1
Answer:
(b) 2562.5
Explanation:
1st Intrest = 40,000 × 7/12 × 6/100 = 1400
Now X paid more 5000 on 1st August
therefore, 40000+5000=45000
2nd Intrest = 45000 × 3.5/12 × 6/12 = 787.5
Again X paid 5000 on 15th November
therefore, 45000+5000=50000
3rd Intrest = 50000 × 1.5/12 × 6/100 = 375
Therefore, total Intrest = 1400+787.5+375= 2562.5
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