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  • Basics of Partnerships Test - 1
  • Ashok drew Rs. 2,000 at the end of every month for 6 mont...
Multiple choice

Ashok drew Rs. 2,000 at the end of every month for 6 months (ending 31st March 2014) @ 10% p.a. What is the interest on drawings?

  1. 250

  2. 200

  3. 100

  4. 417

  5. 150

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

Total drawings 12,000 Interest = 12,000 x 10/100 x 2.5/12 = 250

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