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1. |
A has to pay Rs.220 to B after 1yr. B asks A to pay Rs.110 in cash and defer the payment of Rs.110 for 2 yrs. A agrees to it. If the rate of interest be 10% per annum in this mode of payment: |
A. | A gains Rs.11 |
B. | There is No gain or loss |
C. | A losses 7.43 |
D. | A gains Rs. 7.34 |
Answer» E. | |