Read the information carefully and answer the questions.

A partner withdrew money during the year ending March 31, 2020 from his capital account, for his personal use.

The amounts withdrawn were : ₹12,000 on June 01, 2019, ₹8,000; on August 31, 2019, ₹3,000; on September 30, 2019, ₹7,000, on November 30, 2019, and ₹6,000 on January 31, 2020.

Calculate interest on drawings, if the rate of interest is 9 percent per annum.

Calculate Interest on drawings for the amount of ₹3,000 drawn on September 30, 2019.

₹135

The correct answer is option 1- ₹135.

Amount withdrawn on Sept 30, 2019 = ₹3,000
Interest rate = 9% p.a.
Interest will be calculated from 30 Sept 2019 to 31st March 2020 i.e. 6 months

Interest on drawings = 3,000 x 9/100 x 6/12
                               = 135