[quanghuy99]

Malik and Vasha are in partnership. The partnership agreement provides for interest on capital to be paid at a rate of 11% per annum. You have the following information: Malik $ Vasha $ Capital balance at 1 November 2010 38,500 47,800 Capital introduced on 1 April 2011 6,000 3,000 What is the total value of interest on capital for the year to 31 October 2011? A $9,905.50 B $10,483.00 C $9,493.00 D $10,070.50

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