Question

Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5 : 3 : 2. Their fixed capitals are ₹ 1,80,000; ₹ 1,60,000 and ₹ 2,00,000 respectively. For the year ending 31st March, 2022, Nitya withdrew ₹ 7,500 at the end of every quarter.

The partnership deed provided that interest on capital will be allowed @10% p.a. The amount of interest on Ishita's capital will be:

विकल्प

• ₹ 18,000

• ₹ 16,000

• ₹ 20,000

• ₹ 10,000

Answer 1

₹ 20,000

Explanation:

Ishita' s Capital = ₹ 2,00,000

Rate of interest on Capital = 10% p.a.

Interest on Ishita's Capital = `₹ 2,00,000 xx 10/100` = ₹ 20,000