Ram and Mohan are partners in a business. Their capitals at the end of the year were 24,000 and 18,000 respectively. During the year, Ram's drawings and Mohan's drawings were 4,000 and 6,000 respectively. Profit before charging interest on capital during the year was 16,000. Calculate interest on capital @ 5% p.a. for the year ended 31st March, 2019.