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B withdrew ₹6000 at the end of every month. Interest on drawings is 10% per annum. What will be the interest?

Answer and explanation

Correct answer: ₹3300

For regular drawings at the end of each month the average period is 5.5 months. On this basis interest is ₹3300.

Related tags

PartnershipDrawings InterestMonthly EndAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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