WAEC Financial Accounting 2011 Question 16

Use the following information to answer questions 15 to 17.
Okoro and Osula are in partnership sharing profits and losses in the ratio 3:2 respectively. Their respective capital were ₦40,000 and ₦15,000 and their drawings were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit was ₦30,000.

Osula's interest on drawings is

1. A.₦2,000
2. B.₦750
3. C.₦700
4. D.₦500