alleryStart learning →A partner lends Rs 50,000 beyond capital for a year, no agreement. Interest due?
ARs 2,500
BRs 3,000
CRs 4,000
DRs 5,000
Answer & Solution
Correct answer: B. Rs 3,000
Six percent per annum on Rs 50,000 for one year is Rs 3,000.
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