A partner was supposed to contribute Rs.50,000 in a partnership firm. He gave Rs.80,000 to the firm. How much interest he will get on the extra money he contributed to the firm above his agreed share in the firm.

Nil

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6% of 30,000

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6% of 80,000

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6% of 50,000

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Solution

The correct option is A Nil
b'Partner contribute to Rs.50,000 & he gave Rs.80,000
80,000 - 50,000 = 30,000
Rs.30,000 extra money
Interest = 30,000/50,000 x 100% = 6%.
'

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A partner was supposed to contribute Rs.50,000 in a partnership firm. He gave Rs.80,000 to the firm. How much interest he will get on the extra money he contributed to the firm above his agreed share in the firm.

The correct option is A Nilb'Partner contribute to Rs.50,000 & he gave Rs.80,00080,000 - 50,000 = 30,000Rs.30,000 extra money Interest = 30,000/50,000 x 100% = 6%.'

The correct option is A Nil
b'Partner contribute to Rs.50,000 & he gave Rs.80,000
80,000 - 50,000 = 30,000
Rs.30,000 extra money
Interest = 30,000/50,000 x 100% = 6%.
'