Based on following answer the question:

Chirag and Jyoti are two partners in a firm sharing profits and losses equally. Chirag withdrew money for his personal use. As per partnership deed rate of interest on drawings is 9% per annum.

If the amount withdrawn were ₹12,000 on June 01, 2018, ₹8000 on August 31, 2018, Rs.3000 on september 30, 2018, ₹7000 on November 30, 2018 and Rs.6000 on January 31, 2019. Calculate the total amount of interest on drawing for the year ending on 31st March, 2019.

₹1,755

The correct answer is Option (4) → ₹1,755.

Interest on drawings = Total drawings x Rate of interest/100 x 1/12
                                  = 2,34,000 x 9/100 x 1/12
                                  = ₹1,755