1.

A bill falls due in 1 year. The creditor agrees to accept the immediate payment of the half and to defer the payment of the other half for 2 years. By this arrangement he gains Rs 40. What is the amount of bill if the money be worth\(12\frac{1}{2}\% \)?

A. Rs 3000
B. Rs 3400
C. Rs 3600
D. Rs 4000
Answer» D. Rs 4000


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