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Raman, a partner withdrew ₹10,000 at the beginning of every month for the first 8 months, then ₹15,000 at end of every month for the last 4 months. Ca
Question

Raman, a partner withdrew ₹10,000 at the beginning of every month for the first 8 months, then ₹15,000 at end of every month for the last 4 months. Calculate interest on drawings to be charged at 6% p.a. for the year ending March 31, 2023.

A.

₹3,700

B.

₹537.50

C.

₹8,400

D.

₹3,850

Correct option is D

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