question_answer

X and Y have started a business in partnership on 1st July 2020. As per the partnership deed interest on capital to be allowed @ 10% p.a. and profits will be shared in the ratio of their capitals i.e. 5:3. Total interest on capital provided at the end of the year 31st March 2021 Rs.24,000. What was the capital of Y:

A) 3,20,000

B) 2,00,000

C) 1,50,000

D) 1,20,000