The partners Adovo, Menowdo and Sarzado were to divided Profits and Loss as follows: Each partner was to receive weekly salaries of P500, P600 and P700 respectively. Menowdo is to receive Bonus of 10% of Net Income in excess of P100,000 after deducting Salaries and interest on beginning capital. Sarzado (an industrial partner) is to receive Bonus of 2% of Net Income in excess of P100,000 after deducting Salaries and interest and Bonus of Menowdo. Total capital amounted to P245,000 which was invested equally by the partners. Allowance of 5% interest of Capital was allowed to the partners. Any remainder will be divided in the ratio 4:2:4. Net income amounted to P275,000. How much Interest will be given to Adovo?
