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B invested Rs 70000 capital at the beginning and withdrew Rs 30000 after six months. What is interest on capital at ten percent?

Answer and explanation

Correct answer: Rs 5500

Interest is on Rs 70000 for first six months and Rs 40000 for next six months. Total is Rs 3500 plus Rs 2000 equal to Rs 5500.

Related tags

Capital WithdrawalInterest On CapitalTimeAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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