Dev withdrew ₹ 10,000 on 15th day of every month from the partnership firm. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings?

₹6600 ₹7200 ₹8200 ₹7800

₹7200

Total amount of drawings = ₹10000*12 = ₹120000 Average period = (11.5+0.5)/2 = 6 months Interest On Dev's Drawings = 1,20,000 x 12/100 x 6/12 = ₹7,200