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The deed allows six percent interest on capital. A introduced additional capital of forty thousand rupees on first October. What is interest on this additional capital up to thirty first March?

Answer and explanation

Correct answer: One thousand two hundred rupees

The additional capital remained for six months. Six percent on forty thousand for half year is one thousand two hundred rupees.

Related tags

Interest On CapitalAdditional CapitalNumericalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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