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Suleiman, Abdullah and Salim started business on Jan 1, 2021 with capitals of OMR 80,000, OMR 60,000 and OMR 40,000 respectively. Suleiman introduced OMR 5,000
Suleiman, Abdullah and Salim started business on Jan 1, 2021 with capitals of OMR 80,000, OMR 60,000 and OMR 40,000 respectively. Suleiman introduced OMR 5,000 as additional capital on 1 May 2021 and Abdullah introduced OMR 10,000 as additional capital on 1st Sept 2020. Interest on capital is to be allowed @ 7.5%. Calculate the Interest on Capital payable to Sulaiman, Abdullah and Salim for the year ending Dec 31, 2021
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