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On 1st April 2018, 2fs Capital was 2,00,000. On 1st October 2018, he introduces additional capital of 1,00,000. Interest on capital @ 6% p.a. on 31st March, 2019 will be :
9,000
18,000
10,500
15,000
- Initial capital: On 1st April 2018, the capital was 2,00,000.
- Additional capital: He introduced 1,00,000 on 1st October 2018.
- Interest rate: Interest on capital is calculated at 6% per annum.
Interest Calculation:
- For the initial capital (2,00,000):
- Period: 1st April 2018 - 31st March 2019 = 12 months
- Interest = 2,00,000 × 6% = 12,000
- For the additional capital (1,00,000):
- Period: 1st October 2018 - 31st March 2019 = 6 months
- Interest = 1,00,000 × 6% × (6/12) = 3,000
- Total interest = 12,000 + 3,000 = 15,000
Correct Answer as Explanation:
- Option 1: 9,000 is too low as it doesn't cover both capitals.
- Option 2: 18,000 is incorrect as the calculation shows 15,000.
- Option 3: 10,500 is not matching with the calculated total.
- Option 4: 15,000 is the correct answer, matching the calculation.
Based on the calculation, "".
By: santosh ProfileResourcesReport error
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