A and B are two partners. They agreed to allow interest on capital @ 5% per annum. Capital accounts as on 1.4.13 were A Rs. 20,000 and B Rs. 15000.
A introduced further capital of Rs. 5,000 on 1.10.13 and B introduced Rs. 3,000 on 1.1.14.
Calculate interest on Capital of each Partner as 31.3.14