Total drawings = 30,000 × 4
=1,20,000
interst on drawings = 1,20,000 × 7.5/12 × 6/100
= 4500

Calculation of Interest on Drawing

To calculate the interest on the partner's drawing, we need to consider the following factors:

Principal Amount: The principal amount is the initial drawing made by the partner, which is ₹30,000.

Interest Rate: The interest rate on the drawing is given as 6%.

Time Period: The partner withdraws the same amount at the beginning of each quartile. Since a quartile represents a quarter of a year, the time period can be considered as one year.

Formula: The formula to calculate the interest is given by:

Interest = (Principal Amount * Interest Rate * Time Period) / 100

Calculation:

Using the formula, we can calculate the interest on the drawing:

Interest = (30,000 * 6 * 1) / 100
Interest = 1,800

Therefore, the interest on the partner's drawing is ₹1,800.

Explanation:

The calculation of interest on the drawing involves multiplying the principal amount, interest rate, and time period, and then dividing the result by 100. In this case, the principal amount is ₹30,000, the interest rate is 6%, and the time period is one year.

By substituting these values into the formula, we get the interest on the drawing as ₹1,800. This means that the partner will have to pay an additional ₹1,800 as interest on the ₹30,000 drawing made at the beginning of each quartile.

It's important to note that the interest is calculated based on the principal amount and the duration for which the money is withdrawn. In this case, since the partner withdraws the same amount at the beginning of each quartile, the time period considered is one year.

By understanding the calculation of interest on the partner's drawing, we can assess the financial implications and plan accordingly.