Harish is a partner in a firm. He withdrew the following amounts during the year 2006 :
February 01 4,000
May 01 10,000
June 30 4,000
October 31 12,000
December 31 4,000
Interest on drawings is to be charged @ 7 1/2 % p.a. Calculate the amount of interest to be charged on Harish’s drawings for the year ending December 31, 2006.