Question

Anuradha is a partner in a firm. She withdrew ₹ 6,000 in the beginning of each quarter during the year ended 31st March, 2024. Interest on her drawings @ 10% p.a. will be ______.

विकल्प

• ₹ 900

• ₹ 1,200

• ₹ 1,500

• ₹ 600

Answer 1

Anuradha is a partner in a firm. She withdrew ₹ 6,000 in the beginning of each quarter during the year ended 31st March, 2024. Interest on her drawings @ 10% p.a. will be ₹ 1,500.

Explanation:

Anuradha withdrew ₹ 6,000 at the beginning of each quarter.

Total withdrawal = 6,000 × 4

= ₹ 24,000

Since withdrawals are made at the beginning of each quarter, the average period is 7.5 months (i.e., `7.5/12` years).

Interest on drawings = `24,000 xx 10/100 xx 7.5/12`

= ₹ 1,500