# Alia, Karan and Shilpa are partners in a firm. They withdraw ₹ 20,000 per month as follows:

Alia, Karan, and Shilpa are partners in a firm. They withdraw ₹ 20,000 per month as follows:

Alia draws at the beginning of each month, Karan withdraws in the middle of each month and Shilpa withdraws at the end of each month. The rate of interest on drawings is 8% p.a.

Interest on drawings for three partners respectively will be:

a) ₹ 10,400, ₹ 8,000 and ₹ 7,300

b) ₹ 10,400, ₹ 9,600 and ₹ 8,800

c) ₹ 10,400, ₹ 9,600 and ₹ 10,400

d) ₹ 10,400, ₹ 9,600 and ₹ 7,330

Ans – b)

Explanation:-

1. Calculation of Alia’s Interest on Drawings

Average Month = 12 + 1/2 = 6.5 Month

Interest on Alia’s Drawings = 20000 * 12 * 8% * 6.5/12 = ₹ 10,400

2. Calculation of Karan’s Interest on Drawings

Average Month = 11.5 + .5/2 = 6 Month

Interest on Alia’s Drawings = 20000 * 12 * 8% * 6/12 = ₹ 9,600

3. Calculation of Shilpa’s Interest on Drawings

Average Month = 11 + 0/2 = 5.5 Month

Interest on Alia’s Drawings = 20000 * 12 * 8% * 5.5/12 = ₹ 8,800