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Gopal has to pay Rs.440 to Ajay after 1 year. Ajay asks Gopal to pay Rs.220 in cash and defer the payment of Rs.220 for 2 years. If the rate of interest is 10% per annum, in this mode of payment:

A.	Gopal gains Rs.3.33	B.	Ajay gains Rs.3.33
C.	Ajay loses Rs.16.67	D.	Gopal loses Rs.16.67

Answer and Explanation

Answer:Ajay gains Rs.3.33

Explanation:

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