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Question
What will be the interest on drawing @ 12.5% p.a. for Abhishek if he withdraws ₹ 5,000 once in month?
Options
₹ 3,500
₹ 7,500
₹ 3,750
₹ 3,000
MCQ
Solution
₹ 3,750
Explanation:
`(5,000 xx 12 xx 12.5 xx 6)/(100 xx 12)`
₹ 3,750
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Distribution of Profit Among Partners
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