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Use the information below to answer questions 40 and 41.Keme and Kemi are in par...


Question

Use the information below to answer questions 40 and 41.

Keme and Kemi are in partnership sharing profit and losses in the ratio 3:2.

Capital - Keme.............₦20 000

........ - Kemi.............₦10 000

Drawings - Keme.............₦2 000

........ - Kemi.............₦3 000

Profit......................₦6 000

Interest on capital.........5%

Interest on drawings........10%

The interest on Keme's drawings is calculated as?

Options

A)
₦200
B)
₦150
C)
₦300
D)
₦100

The correct answer is A.


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