A owes B, Rs 1120 payable 2 years hence and B owes A, Rs 1081.50 payable 6 months hence. If they decide to settle their accounts forthwith by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much? Options: A . &nbspA , Rs 50 B . &nbspB, Rs 50 C . &nbspA, Rs 70 D . &nbspB,Rs 70

A owes B, Rs 1120 payable 2 years hence and B owes A, Rs 1081.50 payable 6 mo

Question

A owes B, Rs 1120 payable 2 years hence and B owes A, Rs 1081.50 payable 6 months hence. If they decide to settle their accounts forthwith by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much?

Options:

A . A , Rs 50

B . B, Rs 50

C . A, Rs 70

D . B,Rs 70

Answer: Option B

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