Use the information below to answer the question that follows:
Rakiya and Joy are in partnership and agreed that 5% interest per annul 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
Options
A) ₦6.00
B) ₦7.25
C) ₦9.00
D) ₦9.75 >>>>>>>>>>
The correct answer is D.
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