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B invested Rs 100000 capital at the beginning and withdrew Rs 40000 after nine months. What is interest on capital at twelve percent?

Answer and explanation

Correct answer: Rs 10800

Interest is on Rs 100000 for nine months and Rs 60000 for three months. Total is Rs 9000 plus Rs 1800 equal to Rs 10800.

Related tags

Capital WithdrawalInterest On CapitalTimeAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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