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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. If the rate of interest be 10% per annum, in this mode of payment : | |
A. | There is no gain or loss to any one [Wrong Answer] |
B. | A gains Rs. 7.34 [Correct Answer] |
C. | A loses Rs. 7.34 [Wrong Answer] |
D. | A gains Rs. 11 [Wrong Answer] |