CBSE 2024 · Region 2 · Set 3 · Q14

Vivek and Nisha were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. On 1st April, $\displaystyle 2022$, their capitals were ₹ $\displaystyle 8,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. On 1st July, $\displaystyle 2022$, Vivek introduced additional capital of ₹ $\displaystyle 2,00,000$ . During the year, Vivek's drawings were ₹ $\displaystyle 40,000$ while drawings of Nisha were ₹ $\displaystyle 80$,000. As per the partnership agreement, interest on capital is allowed @ $\displaystyle 6$% p.a., interest on drawings will be charged @ $\displaystyle 5$% p.a. The net profit for the year ended 31st March, $\displaystyle 2023$ amounted to ₹ $\displaystyle 6,50$,000. The amount of interest on drawings of Nisha would be :