Calculate interest on A's drawings @ $10 %$ if he withdraw Rs. $2, 50, 000$ during the year.

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Solution

Interest on drawings $= R s . 2, 50, 000 \times \frac{10}{100} = R s . 25, 000$

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Calculate interest on A's drawings @ 10% if he withdraw Rs. 2,50,000 during the year.

Interest on drawings =Rs.2,50,000×10100=Rs.25,000

Calculate interest on A's drawings @ $10 %$ if he withdraw Rs. $2, 50, 000$ during the year.

Interest on drawings $= R s . 2, 50, 000 \times \frac{10}{100} = R s . 25, 000$