Processing math: 100%
Home / Aptitude Tests / Accounting / \(\begin{array}{c|c}...

\(\begin{array}{c|c} & Baba & Tude\\ & N &...

Use the following information to answer the given question

BabaTudeNNCapital Accounts 1 January, 200040,00050,000Current Accounts 1 January, 200020,000Cr15,000CrDrawings during the year4,00015,000Salaries5,0005,000 Interest on capital is 10%, the net profit for the year is N40,000. The interest on Tunde's capital is

A.

N10,000

B.

N5,000

C.

N4,000

D.

N1,500

Correct answer is B

No explanation has been provided for this answer.