On 1st April 2021, 2fs Capital was ₹2,00,000. On 1st October 2021, he introduces...

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October 2021 2 43 Report

On 1st April 2021, 2fs Capital was ₹2,00,000. On 1st October 2021, he introduces additional capital of ₹1,00,000. Interest on capital @ 6% p.a. on 31st March, 2022 will be :

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Explanation:

On 1st April 2021, 2fs Capital was ₹2,00,000. On 1st October 2021, he introduces additional capital of ₹1,00,000. Interest on capital @ 6% p.a. on 31st March, 2022 will be :

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$ioc \: on \: 1st \: april \: = 200000 \times \frac{6}{100} = 1200$

$ioc \: on \: 1st \: octuber \: = 100000 \times \frac{6}{100} \times \frac{6}{12}$

$= 3000$

$so....$

$12000 + 3000 = 15000$

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