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The deed allows ten percent interest on capitals of Rs 40000 and Rs 60000 for A and B respectively. What will be total interest on capital?

Answer and explanation

Correct answer: Rs 10000

Total capital is Rs 100000 and ten percent interest is Rs 10000. In exams calculate each interest and add them.

Related tags

Interest On CapitalNumericalCapitalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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