0 votes 0 votes $A$ owes $B$, $\text₹1120$ payable $2$ years hence and $B$ owes $A$, $\text₹1081.50$ 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: $A, \text₹50$ $B, \text₹50$ $A, \text₹70$ $B, \text₹70$ Quantitative Aptitude nielit2019feb-scientistc simple-interest + – Lakshman Bhaiya asked Apr 1, 2020 • edited Dec 12, 2022 by gatecse Lakshman Bhaiya 13.8k points 568 views answer comment Share See all 0 reply Please log in or register to add a comment.
Best answer 1 votes 1 votes Answer is B, Rs.50 When P and SI are unknown, formula to calculate the amount $A=P(1+\frac{RT}{100})$ A owes B → 1120 = P$1120=P(1+\frac{2*6}{100})$ → P = Rs.1000 B owes A → $1081.5=P(1+\frac{6*6}{12*100})$ → P = Rs.1050 So, B has to pay Rs.50 to A neethu_seb answered Dec 12, 2022 • selected Dec 12, 2022 by gatecse neethu_seb 3.5k points comment Share See all 0 reply Please log in or register to add a comment.