Rhea and Rhean are partners in a firm sharing profits and losses in the ratio of 2 : 1. Rhean provided a loan of ₹1,05,000 to the firm. Calculate interest on loan:

[2 marks]

₹10,500

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₹6,300

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₹5,250

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₹6,000

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Solution

The correct option is B ₹6,300

Interest on Loan = $\frac{₹ 1, 05, 000}{100}$ $\times 100$

= ₹6,300

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Rhea and Rhean are partners in a firm sharing profits and losses in the ratio of 2 : 1. Rhean provided a loan of ₹1,05,000 to the firm. Calculate interest on loan: [2 marks]

The correct option is B ₹6,300 Interest on Loan = ₹1,05,000100 ×100 = ₹6,300

Rhea and Rhean are partners in a firm sharing profits and losses in the ratio of 2 : 1. Rhean provided a loan of ₹1,05,000 to the firm. Calculate interest on loan:

[2 marks]

The correct option is B ₹6,300

Interest on Loan = $\frac{₹ 1, 05, 000}{100}$ $\times 100$

= ₹6,300