Question

Updated
Eena, Meena and Deeka are partners sharing profits and losses in the ratio 5:4:1. Meena retired on 31st March 2023 and her dues came out to be ₹ 7,20,000. Amount of ₹ 1,20,000 was paid immediately and balance was to be paid in three equal annual instalments together with interest @ 10% per annum. Determine the amount payable to Meena on 31st March 2025.

AChoose Your Answer