Nandini and Reva were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$:23. Nandini withdrew the following amounts from the firm for her personal use during the year ending 31st March $\displaystyle 2025$ : (i) For the first five months, she withdrew ₹ $\displaystyle 2,000$ at the end of each month. (ii) For the remaining months, she withdrew ₹ $\displaystyle 3,000$ at the beginning of each month. Interest on drawings was to be charged @ $\displaystyle 6$% p.a. The books of the firm are closed on $\displaystyle 31$" March every year. Calculate interest on Nandini's drawings for the year ending 31st March, 2025.

Calculation of Nandini interest on drawings: Interest on drawings = Total amount of drawings x Average time period x Rate $\displaystyle 12$ $\displaystyle 100$ Average time period: For first five months = $\displaystyle 11$+$\displaystyle 7$ =$\displaystyle 9$ months $\displaystyle 2$ ………………………..……… ½ For remaining seven months = $\displaystyle 7$+$\displaystyle 1$ =$\displaystyle 4$ months $\displaystyle 2$ Interest on drawings: For first five months = $\displaystyle 10,000$ x $\displaystyle 6$ x $\displaystyle 9$ = ₹ $\displaystyle 450$ …………...……………. $\displaystyle 1$ $\displaystyle 100$ $\displaystyle 12$ For remaining seven months = $\displaystyle 21,000$ x $\displaystyle 6$ x $\displaystyle 4$ = ₹ $\displaystyle 420$ …………..………….. $\displaystyle 1$ $\displaystyle 100$ $\displaystyle 12$ Total interest on drawings = $\displaystyle 450$ + $\displaystyle 420$= ₹ $\displaystyle 870$ …………………………………… ½ Alternatively, Interest on drawings = Sum of product Rate/$\displaystyle 100$ $\displaystyle 1$/$\displaystyle 12$ x x Date Amount (₹) No. of Product (₹) ($\displaystyle 24$-$\displaystyle 25$) Withdrawn Months Apr $\displaystyle 30$ $\displaystyle 2,000$ $\displaystyle 11$ $\displaystyle 22,000$ May $\displaystyle 30$ $\displaystyle 2,000$ $\displaystyle 10$ $\displaystyle 20,000$ June $\displaystyle 30$ $\displaystyle 2,000$ $\displaystyle 9$ $\displaystyle 18,000$ July $\displaystyle 31$ $\displaystyle 2,000$ $\displaystyle 8$ $\displaystyle 16,000$ Aug $\displaystyle 31$ $\displaystyle 2,000$ $\displaystyle 7$ $\displaystyle 14,000$ Sept $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 7$ $\displaystyle 21,000$ Oct $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 6$ $\displaystyle 18,000$ Nov $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 5$ $\displaystyle 15,000$ Dec $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 4$ $\displaystyle 12,000$ $\displaystyle 11$/$\displaystyle 2$ Jan $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 3$ $\displaystyle 9,000$ Feb $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 2$ $\displaystyle 6,000$ Mar $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 1$ $\displaystyle 3,000$ $\displaystyle 1,74,000$ Interest on drawings =$\displaystyle 1,74,000$ x $\displaystyle 6$/$\displaystyle 100$ x $\displaystyle 1$/$\displaystyle 12$ = ₹ $\displaystyle 870$……