X and Y are partners in the ratio of 3 : 2. Their capitals are Rs. 2,00,000 and Rs. 1,00,000 respectively. The interest on capitals is allowed @ 8% per annum. The firm earned a profit of Rs. 60,000 for the year ending on 31st March 2019. The interest on capital will be
A. X - Rs. 16,000, Y - Rs. 8,000
B. X - Rs. 8,000, Y - Rs. 4,000
C. X - Rs. 14,400, Y - Rs. 9,600
D. No interest will be allowed
Answer: Option A
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