X owes Y, Rs 7440 payable 1 year 6 months hence. Also, Y owes X, Rs 75 – McqOptions

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1.	X owes Y, Rs 7440 payable 1 year 6 months hence. Also, Y owes X, Rs 7560 payable 6 months hence. If they want to settle the account forthwith keeping 16 percent per annum as the rate of simple interest, then who should pay and how much?
A.	X pays Rs. 1000 to Y
B.	Y pays Rs. 1000 to X
C.	Y pays Rs. 2000 to X
D.	X pays Rs. 2000 to Y
Answer» C. Y pays Rs. 2000 to X

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