[CBSE] Q. 33 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 33 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

(i) Anamika and Monika are partners in a firm. Anamika withdrew ₹ 25,000 at the end of each month and interest on drawings was calculated ₹ 8,250 at the end of the year. What is the rate of interest on drawings?

(ii) Shruti and Gayatri are partners in a firm. Shruti withdrew ₹ 60,000 at the end of each quarter and interest on drawings was calculated ₹ 6,300 at the end of the year. What is the rate of interest on drawings?

[Ans. Case (i) 6% p.a. and Case (ii) 7% p.a.]

Solution:-

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