Q1223
X and Y are partners in a firm. They withdrew @ Rs. 1,500 and Rs. 1,000 respectively on 15th day of every month for all the twelve months during 2009. Interest on drawings is chargable @ 10% per annum. What would be the interest on drawings respectively?
A.
Rs. 1,800 and Rs. 1,200
B.
Rs. 900 and Rs. 600
AnswerC.
Rs. 18,000 and Rs. 12,000
D.
Rs. 150 and Rs. 100
Answer: Option B
Solution
Answer: Option B
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