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Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

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ACCOUNTING

JAMB 2000 - Question 39

Account 2000 JAMB Past Questions - Question 39: Rakya and Joy are in partnership and agreed that 5% interest per annum is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, 200 on March 31 and 300 on September 30, Joy, 100 on April 1 and 240 on July 1. The interest on joy's drawing is

Choose the most appropriate option for the gap .

Rakya and Joy are in partnership and agreed that 5% interest per annum is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, 200 on March 31 and 300 on September 30, Joy, 100 on April 1 and 240 on July 1.
The interest on joy's drawing is

A: N6.00

B: N7.25

C: N9.00

D: N9.75

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ACCOUNTING

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Correct Answer

Explanation