In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @ 6% p.a. the interest charged will be :
A. ₹3,600
B. ₹1,950
C. ₹1,800
D. ₹1,650
Answer:B
In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @ 6% p.a. the interest charged will be :
A. ₹3,600 B. ₹1,950 C. ₹1,800 D. ₹1,650