M owes N 3146 payable 11/2 yr hence. Also, N owes M, 2889 payable – McqOptions

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1.	M owes N 3146 payable 1¹/₂ yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ?
A.	N should pay 100
B.	N should pay 50
C.	M should pay 100
D.	M should pay 50
E.	None of the above
Answer» B. N should pay 50

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