[CBSE] Q. 88 DK Goel Fundamentals of Partnership [2026-27]

Solution of Question Number 88 of the Fundamentals of partnership firm DK Goel CBSE Board (2026-27)

Era, a partner withdrew ₹ 40,000 per month for her personal use from the firm in the beginning of each month. Interest on her drawings was calculated at ₹ 31,200 at the end of the year. Calculate the rate of interest on her drawings.

[Ans. Rate of interest 12% p.a.]

Solution:-