What will be the interest on drawings of partner A, if he withdrew ₹60,000 in beginning of each quarter if Partnership deed provide interest on drawings @10% p.a.?

₹15,000

The correct answer is option 1- ₹15,000.

Total drawings = 60,000 x 4
                        = ₹2,40,000

Average period = (12+3)/2
                         = 7.5 months

Interest on drawings = 2,40,000 x 7.5/12 x 10/100
                                  = ₹15000