Question

X and Y are partners having capital of Rs.5, 00,000 and Rs.4, 00,000 respectively. X

introduced additional capital on 30.6.2011, Rs.1,00,000. Calculate interest on capital

@9%p.a. for the year 2011.​

Answer 1

Answer:

working note: X&Y capital:500000+400000=90000

additional capital:100000

interest on capital:900000+100000=1000000

interest on capital rate@9%p.a

=900000×9÷100=81000(12month)1.4.2011 to 31.3.2012

=100000×9÷100×9÷12=6750(9month)30.6.2011 to 31.32012

interest on capital=81000+6750

=87750