

MCQOPTIONS
Saved Bookmarks
1. |
A owes B Rs. 456.75 payable 41/2 months hence and B owes A Rs. 455.51 payable 3 months hence. If they agree to settle their account by a ready money payment. What sum should be paid over and to whom reckoning the rate of true discount at 4 per cent per annum ? |
A. | Re.1`,A |
B. | Rs. 2,B |
C. | Rs. 2,A |
D. | Re. 1, B |
Answer» B. Rs. 2,B | |