Question

Shiv, Riya and Rohit were partners in a firm. On 1st October, 2024, Rohit had given a loan of ₹ 2,00,000 to the firm, at an interest rate of 10% p.a. as per the partnership agreement. The accountant of the firm is emphasising that interest on the loan will be paid at 6% p.a. The amount of interest on the loan paid to Rohit for the year ended 31st March, 2025, will be ______.

पर्याय

• ₹ 20,000

• ₹ 10,000

• ₹ 12,000

• ₹ 6,000

Answer 1

Shiv, Riya and Rohit were partners in a firm. On 1st October, 2024, Rohit had given a loan of ₹ 2,00,000 to the firm, at an interest rate of 10% p.a. as per the partnership agreement. The accountant of the firm is emphasising that interest on the loan will be paid at 6% p.a. The amount of interest on the loan paid to Rohit for the year ended 31st March, 2025, will be ₹ 10,000.

Explanation:

Time Period: From 1st October 2024 to 31st March, 2025 = 6 months.

Interest = Loan Amount × Rate × Time

= 2,00,000 × 10/100 × 6/12

= 10,000