Question

x and y invested 20000 and 10000.interest on capital is allowed @6%per annum.profit are shared in ratio of 2:3.profit for the year ending 31.3.2015 is Rs.1500.​

Answer 1

Solution:-

• To calculate interest on capital:-

$\rm\purple{ \: intrst \: on \: capital = capital \times \: rate \times period}$

So, here capital of partners are:-

$\sf \: x = 20000 \\ \sf \: y = 10000$

$\sf \: rate = 6\%$

$\sf\ \: interest \:on \: capital \: of \: x = >$

$\tt\implies20000 \times \frac{6}{100} = 1200$

$\sf \: interest \: on \: capital \: of \: y = >$

$\sf\implies10000 \times \frac{6}{100} = 600$

ie, 1200 per annum for x and

600 per annum for Y.

Answer 2

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