Practicing Success
Vinu and Savi are partners in a firm. Vinu withdrew ₹800 per month at the beginning of every month for 6 months ending on 31st December 2021. Savi withdrew ₹800 per month at the end of every month for 6 months ending on 31st December 2021. Calculate interest on drawings @15% per annum on 31st December 2021. |
Vinu ₹150 Savi ₹250 Vinu ₹210 Savi ₹150 Vinu ₹150 Savi ₹210 Vinu ₹270 Savi ₹250 |
Vinu ₹210 Savi ₹150 |
Interest on Vinu drawings = 4800*15/100*3.5/12 = ₹210 |