1) 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 B) A gains Rs. 7.34 C) A loses Rs. 7.34 D) A gains Rs. 11 Answer: Option BExplanation:
