Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

Calculate interest on drawing if Ram withdrew Rs. 3,000 per month at the beginning of each month for the whole year, if interest on drawing is charged @ 9 % per annum.

Options:

Rs. 1455

Rs. 1745

Rs. 1485

Rs. 1755

Correct Answer:

Rs. 1755

Explanation:

The correct answer is Option (4) → Rs. 1755