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 average number of months for which interest on drawings will be calculated will be:

पर्याय

• 3½ months

• 4½  months

• 7½ months

• 6 months

Answer 1

4½  months

Explanation:

Average Period = `("Months left after first drawings"+"Months left after last drawings")/2`

= `(9  "Months" + 0  "Months")/2`

= 4½ months