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A withdrew Rs 18000 at the beginning of the year and interest rate is 12 percent per annum. What will be the interest?

Answer and explanation

Correct answer: Rs 2160

Drawing at the beginning of year carries interest for full year. Twelve percent of Rs 18000 is Rs 2160.

Related tags

Interest On DrawingsBeginningNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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