Rs. 1,350
Rs. 2,250
Rs. 900
Rs. 1,800
Answer is Right!
Answer is Wrong!
The correct answer is A. Rs. 1,350.
Charulata withdrew Rs. 10,000 in each quarter during the year ending on 31st March 2019. This means that she withdrew a total of Rs. 10,000 x 4 = Rs. 40,000. The interest on her drawings @ 9% per annum is calculated as follows:
Interest = Principal x Rate x Time
= Rs. 40,000 x 9% x 1/4
= Rs. 1,350
Therefore, the interest on Charulata’s drawings @ 9% per annum is Rs. 1,350.
Option B is incorrect because it is the interest on Rs. 10,000 at 9% per annum for one year. Option C is incorrect because it is the interest on Rs. 10,000 at 9% per annum for one quarter. Option D is incorrect because it is the interest on Rs. 20,000 at 9% per annum for one year.