A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cas – McqOptions

MCQOPTIONS

1.	A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 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 ant one
B.	A gains Rs. 7.34
C.	A loses Rs. 7.34
D.	A loses Rs. 1.66
Answer» E.

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