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A is partner in a firm. His capital as on Jan 01, 2007 was Rs. 60,000. He introduced additional capital of Rs. 20000 on Oct 01 2007. Calculate interest on A’s capital @ 9% p.a. |
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Answer» (60000 X 9/100) = 5400 (20000 X 9/100 X 3/12) = 450 Total Interest = 5850 |
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