P, Q and R are in partnership sharing profits and losses in the ratio of 3:2:1. Their capitals on 1st April, 2014 were P Rs 60,000; Q Rs 30,000; R Rs 15,000. Partners have decided that their capital will carry interest 5% p.a. Q further introduces Rs 20,000 on 1st July,2014 and withdrew Rs 5,000 on 1st December, 2014, whereas R introduces Rs 10,000 on 15th May, 2014; Rs 7,000 on 30th September, 2014 and withdrew Rs 15,000 on 1st February, 2015. Work out the interest on capital credited to each capital credited to each partner.

P, Q and R are in partnership sharing profits and losses in the ratio

1.	P, Q and R are in partnership sharing profits and losses in the ratio of 3:2:1. Their capitals on 1st April, 2014 were P Rs 60,000; Q Rs 30,000; R Rs 15,000. Partners have decided that their capital will carry interest 5% p.a. Q further introduces Rs 20,000 on 1st July,2014 and withdrew Rs 5,000 on 1st December, 2014, whereas R introduces Rs 10,000 on 15th May, 2014; Rs 7,000 on 30th September, 2014 and withdrew Rs 15,000 on 1st February, 2015. Work out the interest on capital credited to each capital credited to each partner.
Answer» P, Q and R are in partnership sharing profits and losses in the ratio of 3:2:1. Their capitals on 1st April, 2014 were P Rs 60,000; Q Rs 30,000; R Rs 15,000. Partners have decided that their capital will carry interest 5% p.a. Q further introduces Rs 20,000 on 1st July,2014 and withdrew Rs 5,000 on 1st December, 2014, whereas R introduces Rs 10,000 on 15th May, 2014; Rs 7,000 on 30th September, 2014 and withdrew Rs 15,000 on 1st February, 2015. Work out the interest on capital credited to each capital credited to each partner.