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A, B and C are partners, their partnership deed provides for interest on drawings at 8% per annum. B withdrew a fixed amount in the middle of every month and his interest on drawings amounted to ₹4,800 at the end of the year. What was the amount of his monthly drawings?

(A) ₹10,000.

(B) ₹5,000.

(C) ₹1,20,000.

(D) ₹48,000.

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Best answer

Correct option is (A) ₹10,000.

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