X, Y, Z were partners sharing profits and losses in the ratio of 4:3: 2. Z retired on 1st July, 2021 on which date the capitals of X, Y, Z after all necessary adjustments stood at ₹75,000, ₹65,000 and ₹45,000 respectively. X & Y continued to carry on the business for 6 months without settling the account of Z. During the period of 6 months ended 31st December, 2021, a profit of ₹50,000 is earned by the firm.

On which amount interest will be provided to partner Z on his retirement @ 6% p.a.?

₹45000

Interest will be provided on the partner's balance of Capital . Here the capital of Z is ₹45000.
Interest = 45000 x 6/100 x 6/12
             = ₹1350