A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,

there is no gain or loss to anyone.

A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and

1.	A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,
A.	there is no gain or loss to anyone.
B.	A gains $ 7.34
C.	A loses $ 7.34
D.	A gains $ 11
Answer» C. A loses $ 7.34

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A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,

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