Anshu withdraws ₹ 2,500 at the end of each month. The partnership deed provides for charging the interest on drawings @ 12% p.a. Calculate interest on Anshu’s drawings for the year ended 31st March,2020?

₹1650 ₹1750 ₹1550 ₹1850

₹1650

Total amount of drawings = ₹2500 * 12 = ₹30000 Average period of drawings = (11+0) months /2 = 5.5 months Interest on Anshu' drawings = 30000*12/100*5.5/12 = ₹ 1650