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As capital remained Rs 60000 for the full year. B invested Rs 40000 at the beginning and Rs 20000 more after six months. If interest rate is ten percent what is Bs interest on capital?

Answer and explanation

Correct answer: Rs 5000

B gets full year interest on Rs 40000 and half year interest on Rs 20000. Total interest is Rs 4000 plus Rs 1000 equal to Rs 5000.

Related tags

Interest On CapitalAdditional CapitalTime BasisCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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