WAEC Financial Accounting 1993 Question 26

John and Johnson are in partnership, sharing profit and losses in the ratio 3:2. Other information are as follows:
Capital: John ₦20,000; Johnson ₦10,000
Drawings: John ₦2,000; Johnson ₦3,000
Interest on capital: 5%
Interest on drawings: 10%
Profit: ₦6,000

The interest on Johnson's capital is

1. A.₦3,000
2. B.₦2,000
3. C.₦1,500
4. D.₦1,000
5. E.₦500