Sarthaks Test
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A and B are partners sharing Profit and Loss in the ratio of 3:2 having Capital Account balances of Rs.50,000 and Rs.40,000 on 1st April, 2015. On 1st July, 2015, A introduced Rs.10,000 as his additional capital whereas B introduced only Rs.1,000. If the interest on capital is allowed to partners @ 10% p.a. 

Calculate interest on capital if the financial year closes on 31st March.

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Calculation of interest on A's capital

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