interest on capital
X, Y, and Z are partners in a firm. Their capitals as on 1st April 2013 were Rs.5,00,000,
Rs.4,00,000 and R. 3,00,000 respectively. On 1st July 2013 they introduced further capitals of
Rs. 1,00,000, Rs. 80,000 and Rs. 50,000 respectively. On 1st February 2014 ‘Y’ withdrew
Rs.15000 form his capital. Interest is to be allowed @8% p.a. on the capitals. Compute interest
on capitals for the year ending 31st March2014.
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