To calculate the interest on Ant's withdrawal: Interest on Ant's Drawings = Ant's Withdrawal x Interest Rate Interest on Ant's Drawings = GH⊄ 14,000 x 8% = GH⊄ 1,120
To calculate the interest on Bee's withdrawal: Interest on Bee's Drawings = Bee's Withdrawal x Interest Rate Interest on Bee's Drawings = GH⊄ 10,000 x 8% = GH⊄ 800
Total Interest on Drawings = Interest on Ant's Drawings + Interest on Bee's Drawings Total Interest on Drawings = GH⊄ 1,120 + GH⊄ 800 = GH⊄ 1,920