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  • Basics of Partnerships Test - 1
  • How much interest will be paid on a bank loan in the abse...
Multiple choice

How much interest will be paid on a bank loan in the absence of a partnership deed?

  1. 6%

  2. 6% Per Annum

  3. 10.75%

  4. 12%

  5. As per the rate fixed by bank

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Partners cannot fix bank interest.

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