Edward and Hayward are partners. Edward draws a fixed amount at the beginning of every quarter. Interest on drawings is charged @10% p.a. At the end of the year, interest on Edward’s drawings amounted to Rs.7,500. Drawings of Edward were:
(a) Rs. 34,000 per quarter.
(b) Rs. 44,000 per quarter
(c) Rs. 30,000 per quarter
(d) Rs. 60,000 per quarter