Mathematics · Simple Interest and Financial Calculations
Ramson is a partner who withdrew Rs. 20,000 on October 1, 2025. Interest on drawings is charged @ 10% per annum. The amount of interest calculated up to December 31, 2025 will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,000
- 2Rs. 1,500
- 3Rs. 1,000
- 4Rs. 500✓
Correct answer
Rs. 500
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