Ethan is a partner who withdraws Rs. 5,000 at the end of each quarter during the financial year ending March 31, 2023. The partnership deed provides for charging interest on drawings @ 8% p.a. What is the total interest on Ethan's drawings for the year?

1
Rs. 800
2
Rs. 600
3
Rs. 1,200
4
Rs. 400

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