The Partnership Agreement of X and Y Provides That Interest $\begin{array}{lr}&\$\\1 \text { February 2011 } & 2400 \\1 \text { June 2011 } & 4800 \\1 \text { August 2011 } & 960\end{array}$

Multiple Choice

The partnership agreement of X and Y provides that interest at 5% per annum is to be charged on partners' drawings.During year ended 31 December 2011 drawings by X were: $\begin{array}{lr}&\$\\1 \text { February 2011 } & 2400 \\1 \text { June 2011 } & 4800 \\1 \text { August 2011 } & 960\end{array}$ What is the total amount of interest on drawings chargeable to X's current account for the year?

A) $300
B) $270
C) $100
D) $200