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Use the information to answer the questions Rakiya and joy are in a partnership and ...

Use the information to answer the questions

Rakiya and joy are in a 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. #511.25 debit
B. #500.00 credit
C. #349.75 debit
D. #340.00 credit




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