Find the interest and the amount, respectively on :Rs.50,000 at 8% per year from 23rd December 2003 to 29th July 2004.
Find the interest and the amount on: (i) Rs. 750 in 3 years 4 months at 10% per annum (ii) Rs. 5000 at 8% per year from 23rd December 2011 to 29th july 2012. (iii) Rs. 2600 in 2 years 3 months at 1% per month. (iv) Rs. 2600 in 2 years 3 months at 1% per month.
Mrs. Anu started a firm with a capital Rs. 4,00,000 on 1st July, 2016. She borrowed from her friends a sum Rs. 1,00,000 @ 10% per annum (interest paid) for business and brought a further amount to capital Rs. 75,000 on 31st December, 2016. Her position was:
ItemsAmt. (Rs.)Cash30,000Stock4,70,000Debtors3,50,000Creditors3,00,000
She withdraw Rs. 8,000 per month for the year. Calculate profit or loss for the year and show your working clearly.
Ram and Shyam are partners with a capital of Rs 1,00,000 and Rs 1,60,000 on January 1, 2016 respectively. Ram introduced additional capital of Rs 30,000 on July 1, 2016 and another Rs 20,000 on October 31, 2016. Calculate interest on capital for Ram for Financial Year ending December 2016. The rate of interest is 9% p.a.