Read the hypothetical text and answer the following questions .: Amit, Bimal and Chaman are sharing profits and losses equally. Amit and Chaman have given loan to the firm on 1st October, 2018 of ₹ 1,00,000 and ₹ 1,50,000 respectively. It is agreed that interest @ 9% p.a. will be paid on loan. Books of account of the firm are closed on 31st March, every year. Interest on loan is yet to be paid as on 31st March, 2019.1. How much interest the partner Amit will get on his loan amount? a) ₹ 4,500 b) ₹3,000 c) ₹ 2,500 d) ₹ 1,500 2. How much interest the partner Chaman will get on his loan amount? a) ₹ 4,500 b) ₹ 6,750 c) ₹ 6,000 d) ₹ 5,500 3. What is the credit balance of Amit’s loan account after adjustments? a) ₹ 1,00,000 b) ₹ 1,02,500 c) ₹ 1,04,000 d) ₹ 1,04,500 4. What is the total amount of interest on loan of both the partners? a) ₹ 10,250 b) ₹ 11,250 c) ₹ 12,250 d) ₹13,750