Piyush, Harmesh, and Atul are partners. Each partner regularly withdrew ₹ 20,000 per month is given below.
Piyush, Harmesh, and Atul are partners. Each partner regularly withdrew ₹ 20,000 per month is given below.
a) Piyush withdrew in the beginning of the month;
b) Harmesh withdrew in the middle of the month; and
c) Atul withdrew at the end of the month.
Interest on drawings charged for the year ended 31st March 2023 was ₹ 15,600, ₹ 14,400, and ₹ 13,200 respectively.
Determine the rate of interest charged on drawings.
Anurag Pathak Changed status to publish April 11, 2024