Mohan, Mayank, and Madan are partners, their Partnership Deed provides for interest on drawings at 8% p.a., Mayank withdrew a fixed amount in the middle of every month and his interest on drawings amounted to ₹ 24,000 at the end of the year. What was the amount of his monthly drawings?

a) ₹ 50,000

b) ₹ 25,000

c) ₹ 6,00,000

d) ₹ 4,00,000

Anurag Pathak Changed status to publish April 9, 2023
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