If the opening capital is Rs. 50,000 as on April 01, 2016 and additional capital introduced Rs. 10,000 on January 01, 2017. Interest charge on capital 10% p.a. The amount of interest on capital shown in profit and loss account as on March 31, 2017 will be :
1) Rs. 5,250
2) Rs. 6,000
3) Rs. 4,000
4) Rs. 3,000

Options

A. Rs. 5,250
B. Rs. 6,000
C. Rs. 4,000
D. Rs. 3,000

Answer

A

Explanation

N/a