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Vishal and gaurav are partners and they had ₹40000and ₹60000 in their respective capital accounts on 1st January,2020.Vishal paid further ₹5000 on 1st August,2020 and another ₹5000 on 15th November,2020. Compute the interest on capital to be allowed to Vishal assuming the rate of interest to be 6% per annum.?
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Vishal and gaurav are partners and they had ₹40000and ₹60000 in their ...
Calculation of Interest on Capital for Vishal
- Initial Capital of Vishal on 1st January, 2020: ₹40,000
- Additional Capital contributed by Vishal on 1st August, 2020: ₹5,000
- Additional Capital contributed by Vishal on 15th November, 2020: ₹5,000
- Rate of interest: 6% per annum

Calculation:
1. Calculate the average capital of Vishal for the year:
- ((₹40,000 + ₹40,000) + (₹45,000 + ₹45,000))/2 = ₹42,500
2. Calculate the interest on capital for the year:
- ₹42,500 * 6% = ₹2,550
3. Allocate the interest on capital to Vishal based on the duration of his capital:
- Interest from 1st January to 31st December = ₹2,550
- Interest from 1st January to 31st July (6 months) = (₹2,550 * 6/12) = ₹1,275
- Interest from 1st August to 31st December (5 months) = (₹2,550 * 5/12) = ₹1,062.50

Conclusion:
The interest on capital to be allowed to Vishal for the year 2020 would be ₹1,275 for the period from 1st January to 31st July, and ₹1,062.50 for the period from 1st August to 31st December.
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Vishal and gaurav are partners and they had ₹40000and ₹60000 in their respective capital accounts on 1st January,2020.Vishal paid further ₹5000 on 1st August,2020 and another ₹5000 on 15th November,2020. Compute the interest on capital to be allowed to Vishal assuming the rate of interest to be 6% per annum.?
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Vishal and gaurav are partners and they had ₹40000and ₹60000 in their respective capital accounts on 1st January,2020.Vishal paid further ₹5000 on 1st August,2020 and another ₹5000 on 15th November,2020. Compute the interest on capital to be allowed to Vishal assuming the rate of interest to be 6% per annum.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Vishal and gaurav are partners and they had ₹40000and ₹60000 in their respective capital accounts on 1st January,2020.Vishal paid further ₹5000 on 1st August,2020 and another ₹5000 on 15th November,2020. Compute the interest on capital to be allowed to Vishal assuming the rate of interest to be 6% per annum.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vishal and gaurav are partners and they had ₹40000and ₹60000 in their respective capital accounts on 1st January,2020.Vishal paid further ₹5000 on 1st August,2020 and another ₹5000 on 15th November,2020. Compute the interest on capital to be allowed to Vishal assuming the rate of interest to be 6% per annum.?.
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