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Sameer and Yasmin are partners with capitals of and respectively, sharing profits in the ratio of . They admit Ravi on October 1, 2019. Ravi brings as capital, and Sameer introduces an additional capital of on that same date. Interest on partner's capital is provided @ p.a. The amount of interest on the capital of Sameer for the financial year 2019-20 is:

  1. A
    55,000
  2. B
    82,500
  3. C
    75,000
  4. D
    50,000

Solution & Step-by-step Explanation

Let's calculate the interest on capital for Sameer step-by-step for the year ending March 31, 2020:Interest on Opening Capital () for the full year (12 months):

Interest on Additional Capital () from October 1, 2019 to March 31, 2020 (6 months):

Total Interest on Capital for Sameer:

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Sameer and Yasmin are partners with capitals of and respectively, sharing profits in the ratio of . They admit Ravi on October 1, 2019. Ravi brings as capital, and Sameer introduces an additional capital of on that same date. Interest on partner's capital is provided @ p.a. The amount of interest on the capital of Sameer for the financial year 2019-20 is:
A
55,000
B
82,500
C
75,000
D
50,000

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