Sneha is a partner in a firm. Calculate the amount of Sneha’s quarterly drawings for the year ended 31st March, 2023, in the following cases when interest is charged @ 10% p.a

Sneha is a partner in a firm. Calculate the amount of Sneha’s quarterly drawings for the year ended 31st March, 2023, in the following cases when interest is charged @ 10% p.a.

(i) When she withdrew a fixed amount in the beginning of each quarter and interest on drawings is ₹ 3,750.

(ii) When she withdrew a fixed amount at the end of each quarter and interest on drawings is ₹ 3,000.

[Ans. Case (i) ₹ 15,000 per quarter; Caes (ii) ₹ 20,000 per quarter.]