Girdhar, a partner withdrew ₹ 5,000 at the beginning of each quarter and interest on drawings was calculated as ₹ 1,500 at the end of the accounting year 31st March 2022. What is the rate of interest on drawings charged?

a) 6% p.a.

b) 8% p.a.

c) 10% p.a.

d) 12% p.a.

Anurag Pathak Changed status to publish April 9, 2023
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