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Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital?
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Juhi Julie and Jimmy are partners of a firm whose total capital is 400...
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Juhi Julie and Jimmy are partners of a firm whose total capital is 400...
Solution:
Given, Total capital of the firm = Rs. 400000
Let the capital of Juhi, Julie and Jimmy be 4x, 3x and 2x respectively.
Given, Capital ratio of Juhi, Julie and Jimmy = 4:3:2
Therefore, 4x + 3x + 2x = 400000
⇒ 9x = 400000
⇒ x = 400000/9
⇒ x = 44444.44
So, the capital of Juhi, Julie and Jimmy are 4x, 3x and 2x respectively.
Therefore, Juhi's capital = 4x = 4 × 44444.44 = Rs. 177777.76
The firm pays an interest of 6% on the capital.
Hence, the interest received by Jimmy = 2x + 6% of 2x
= 2x + 0.06 × 2x
= 2x(1 + 0.06)
= 2x(1.06)
= 2 × 44444.44 × 1.06
= Rs. 94444.44
Now, we have to find the amount received by Juhi inclusive of interest on capital.
Let the interest received by Juhi be I.
Then, the interest received by Julie = 3x + 6% of 3x + I
= 3x + 0.06 × 3x + I
= 3x(1 + 0.06) + I
= 3 × 44444.44 × 1.06 + I
= Rs. 142222.24 + I
The total interest paid by the firm = Interest received by Jimmy + Interest received by Juhi + Interest received by Julie
= Rs. 124800 + Rs. 94444.44 + Rs. 142222.24 + I
= Rs. 361466.68 + I
As the total interest paid by the firm is 6% of the total capital,
6% of 400000 = Rs. 24000
So, 361466.68 + I = Rs. 24000
I = Rs. 216533.68
Therefore, the amount received by Juhi inclusive of interest on capital = 4x + 6% of 4x + I
= 4x + 0.06 × 4x + I
= 4x(1 + 0.06) + I
= 4 × 44444.44 × 1.06 + I
= Rs. 177777.76 + Rs. 11222.22 + Rs. 216533.68
= Rs. 405533.66
Hence, the amount to be received by partner Juhi inclusive of interest on capital is Rs. 405533.66.
Given, Total capital of the firm = Rs. 400000
Let the capital of Juhi, Julie and Jimmy be 4x, 3x and 2x respectively.
Given, Capital ratio of Juhi, Julie and Jimmy = 4:3:2
Therefore, 4x + 3x + 2x = 400000
⇒ 9x = 400000
⇒ x = 400000/9
⇒ x = 44444.44
So, the capital of Juhi, Julie and Jimmy are 4x, 3x and 2x respectively.
Therefore, Juhi's capital = 4x = 4 × 44444.44 = Rs. 177777.76
The firm pays an interest of 6% on the capital.
Hence, the interest received by Jimmy = 2x + 6% of 2x
= 2x + 0.06 × 2x
= 2x(1 + 0.06)
= 2x(1.06)
= 2 × 44444.44 × 1.06
= Rs. 94444.44
Now, we have to find the amount received by Juhi inclusive of interest on capital.
Let the interest received by Juhi be I.
Then, the interest received by Julie = 3x + 6% of 3x + I
= 3x + 0.06 × 3x + I
= 3x(1 + 0.06) + I
= 3 × 44444.44 × 1.06 + I
= Rs. 142222.24 + I
The total interest paid by the firm = Interest received by Jimmy + Interest received by Juhi + Interest received by Julie
= Rs. 124800 + Rs. 94444.44 + Rs. 142222.24 + I
= Rs. 361466.68 + I
As the total interest paid by the firm is 6% of the total capital,
6% of 400000 = Rs. 24000
So, 361466.68 + I = Rs. 24000
I = Rs. 216533.68
Therefore, the amount received by Juhi inclusive of interest on capital = 4x + 6% of 4x + I
= 4x + 0.06 × 4x + I
= 4x(1 + 0.06) + I
= 4 × 44444.44 × 1.06 + I
= Rs. 177777.76 + Rs. 11222.22 + Rs. 216533.68
= Rs. 405533.66
Hence, the amount to be received by partner Juhi inclusive of interest on capital is Rs. 405533.66.
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Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital?
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Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital?.
Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Juhi Julie and Jimmy are partners of a firm whose total capital is 400000 capital ratio is 4:3:2 the firm pays interest on capital at 6% per annum if partner Jimmy has received rupees 124800 inclusive of interest on capital then find out the amount to be received by partner Juhi inclusive of interest on capital?.
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