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Question: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 gainsRs.11 

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