Question : Ram and Mohon are Partners with a capital of Rs 37500 and Rs 22,500, respectively. Interest Payable on capital @ 10% p.a. Find the interest on capital credited to both partners when the Profit earned by the firm is Rs 3600.
Option 1: Rs 3,750, Rs 2,250.
Option 2: Rs 1,800, Rs 1,800
Option 3: Rs 2,250, Rs 1,350
Option 4: None of these.
Correct Answer: Rs 2,250, Rs 1,350
Solution :
Answer =
Rs 2,250, Rs 1,350
Interest:
Ram=2,250
Mohan=1,350
Interest on capital:
Ram=3,750
Mohan=2,250
Inadequate profit=3,600
Ram: Mohan=3750:2250=150:90=5:3.
Hence, the correct option is 3.
Ram=$3600 \times \frac{5}{8}$=2250
Mohan=$3600 \times \frac{3}{8}$=1350