Mathematics · Simple Interest
In a business dealing, A owes B Rs. 20,000 payable after 5 years, whereas B owes A Rs. 12,000 payable after 4 years. They want to settle it now at the rate of 5% simple interest. Who gives how much money in this settlement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A gives Rs. 4,000 to B
- 2A gives Rs. 6,000 to B✓
- 3B gives Rs. 6,000 to A
- 4Both are at par
Correct answer
A gives Rs. 6,000 to B
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