Suppose that a loan of $8000 is given at an interest rate of 17% compounded each year. Assume that no payments are made on the loan.

Profit obtained by X =  Rs. 2,976.64

Profit obtained by Y = Rs. 2,545.58

Profit obtained by Z = Rs. 2,777.78

Step-by-step explanation:

Total capital for the first 6 months = Rs 5000 + Rs.4500 + Rs.6500 = Rs. 16,000

Total capital for the next 3 months = Rs. 16,000+ Rs 5000 = Rs. 21,000

Total capital for the last 3 months of the year = Rs. 21,000 + (Rs 4500 * 2) = Rs. 30,000

Share of profit of each partner is the sum of all the ratios of his capital to total capital of the business at each point in time multiply by the ratio of the numbers of months covered by each capital to 12 months and then multiply by RS.8300.

Profit obtained by X = ((Rs 5000 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 10,000 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 10,000 / 30,000) * (3 / 12) * Rs. 8300) =  Rs. 2,976.64

Profit obtained by Y = ((Rs 4500 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 4500 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 13,500 / 30,000) * (3 / 12) * Rs. 8300) = Rs. 2,545.58

Profit obtained by Z = ((Rs 6500 / 16,000) * (6 / 12) * Rs. 8300) +  ((Rs 6500 / 21,000) * (3 / 12) * Rs. 8300) + ((Rs 6,500 / 30,000) * (3 / 12) * Rs. 8300) = Rs. 2,777.78

Confirmation of total profit shared = Rs. 2,976.64 + = Rs. 2,545.58 + Rs. 2,777.78 = Rs. 8,300