Manish and Manisha are partners in a firm sharing profits and losses in the ratio of 1 : 2. Manish provided a loan of ₹2,10,000 to the firm. Calculate interest on loan:

[0.88 marks]

₹21,000

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₹12,600

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₹10,500

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Solution

The correct option is B ₹12,600
$Interest on Loan = \frac{₹ 2, 10, 000 \times 6}{100}$
$= ₹ 12, 600$

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Manish and Manisha are partners in a firm sharing profits and losses in the ratio of 1 : 2. Manish provided a loan of ₹2,10,000 to the firm. Calculate interest on loan: [0.88 marks]

The correct option is B ₹12,600Interest on Loan =₹2,10,000×6100 =₹12,600

Manish and Manisha are partners in a firm sharing profits and losses in the ratio of 1 : 2. Manish provided a loan of ₹2,10,000 to the firm. Calculate interest on loan:

[0.88 marks]

The correct option is B ₹12,600
$Interest on Loan = \frac{₹ 2, 10, 000 \times 6}{100}$
$= ₹ 12, 600$