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A invested Rs 60000 capital at the beginning of the year and brought additional capital of Rs 30000 after five months. At twelve percent per annum what is interest on capital?

Answer and explanation

Correct answer: Rs 9300

Interest is on Rs 60000 for full year and Rs 30000 for seven months. Total interest is Rs 7200 plus Rs 2100 equal to Rs 9300.

Related tags

Interest On CapitalAdditional CapitalTime BasisCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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