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Anukalp and Karan are partners with the capital of \( ₹ 25,000 \) and \( ₹ 15,000 \) respectively. Interest payable on capital is \( 10 \% \) p.a. Find the interest on capital for both the partners when the profits earned by the firms is \( ₹ 2,400 \). |
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Answer» Interest on capital is distributed from the profit but in the capital sharing ratio (1) Find capital sharing ratio: 25000 : 15000 = 5 : 3 (2) Divide profit in the capital sharing ratio: Profit = 5x + 3x = 8x 2400 = 8x x = 300 Therefore, Anukalp share : Karan share = 1500 : 900 . |
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