CBSE 2024 · Region 5 · Set 2 · Q5

Ridhima and Kavita were partners sharing profits and losses in the ratio of $\displaystyle 3$ : 2. Their fixed capitals were ₹ $\displaystyle 1,50,000$ and ₹ $\displaystyle 2,00,000$ respectively. The partnership deed provides for interest on capital @ $\displaystyle 8$% p.a. The net profit of the firm for the year ended 31st March, $\displaystyle 2023$ amounted to ₹ $\displaystyle 21$,000. The amount of interest on capital credited to the capital accounts of Ridhima and Kavita will be $\displaystyle 1$

OR

Ruchika and Harshita were partners in a firm. Ruchika had withdrawn ₹ $\displaystyle 9,000$ at the end of each quarter, throughout the year. The interest to be charged on Ruchika's drawings at $\displaystyle 6$% p.a. will be :