If A draws $R s . 15, 000$ every month at the end of the month, what will be the Interest $@ 5 % p . a .$ ?

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Solution

If drawings are made by a partner in fixed amount at the end of every month,then interest on his total drawings for a period of 5 1/2 months shall be calculated.
A draws Rs 15,000 every month at the end of the month. So,interest @ 5%p.a will be calculated in the following way:-
Interest on A's Drawings= 15,000* 12 * 5%5 1/2
= 180000 5/100*5.5/12
= 4125

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A, B and C are partners in a firm. You are informed that:

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