question_answer

Vidit and Seema were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their opening capitals were Rs.1,20,000 and Rs.4,80,000, respectively. As per the partnership deed, they were entitled to interest on capitals @ 10% p.a. The firm earned a profit of Rs. 20,000 during the year. The interest on Vidit's capital will be:                                                                     [CBSE 2020 Modified]

A) 12,000 

B) 24,000

C) 7,200

D) 4,000