The following information was obtained from the records of MT Suppliers, a partnership business with Mary and Tanya as…

The following information was obtained from the records of MT Suppliers, a partnership business with Mary and Tanya as…

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The following information was obtained from the
records of MT Suppliers, a partnership business with
Mary and Tanya as partners, on 28 February 2023 (the
end of the financial year): Mary’s capital balance was
R600 000 on 28 February 2023. She increased her
capital contribution by R200 000 on 01 December 2022
(and this was recorded). She earns interest at a rate of
15% per annum. Which one of the following reflects
Mary’s interest on capital for the year ended 28
February 2023?
O A. R67 500
OB. R60 000
O C. R82 500
OD. R90 000

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