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A invested capital Rs 30000 at the beginning and added Rs 10000 after six months. What is interest on capital at ten percent?

Answer and explanation

Correct answer: Rs 3500

Interest is on Rs 30000 for full year and Rs 10000 for six months. Total interest is Rs 3000 plus Rs 500 equal to Rs 3500.

Related tags

Interest On CapitalAdditional CapitalTime AdjustmentAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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