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Pawan and Param started business on 1st July, 2023 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Pawan withdrew ₹ 18,000 per quarter at the end of each partner. Interest on drawings was calculated ₹ 1,080 at the end of 31st March, 2024. Determine the rate of interest on drawings.

Anurag Pathak Changed status to publish April 24, 2024
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