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B invested Rs 80000 at the beginning and withdrew Rs 20000 capital after three months. At twelve percent what is interest on capital?

Answer and explanation

Correct answer: Rs 7800

Interest is on Rs 80000 for three months and Rs 60000 for nine months. Total is Rs 2400 plus Rs 5400 equal to Rs 7800.

Related tags

Capital WithdrawalInterest On CapitalTime BasisCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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