Commerce Exam > Commerce Questions > Juhi Julie and Jimmy are partners of a firm w...
Start Learning for Free
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?
Most Upvoted Answer
Juhi Julie and Jimmy are partners of a firm whose total capital is 400...
i have tried to solve this question....answer is correct or no I don't know
Community Answer
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.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup