A, B and C are partners in a partnership firm sharing profits and loss in ratio of 2:2:1. Their fixed capitals are ₹1000000, ₹800000 and ₹700000 respectively. They withdrew some amount from the firm for their personal use. Partnership deed provide interest on drawings @10% p.a. but no interest on capital. Market rate of interest on capital in similar firm is 5% p.a. C also gives a loan of ₹100000 to the firm without any agreement of interest whereas market rate of interest on loan is 12% p.a.

What will be the interest on drawings if B withdraw ₹90000 in the middle of each quarter?

₹18000

Total drawings = 90000*4 = ₹360000
Average period = (10.5+ 1.5) / 2 = 6 months
Interest on drawings = 360000*6/12*10/100 = ₹18000