MCQOPTIONS
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| 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 | |