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Rashmi owes Amit Rs.1690 for 2 1/2 years. Amit also owes Rashmi Rs.1593 for 1 1/2 years. If he now wants to settle the accounts at the interest rate o
Question

Rashmi owes Amit Rs.1690 for 2 1/2 years. Amit also owes Rashmi Rs.1593 for 1 1/2 years. If he now wants to settle the accounts at the interest rate of 12%, then who among the two will have to pay and how much?

A.

Amit Rs.50

B.

Amit Rs.25.50

C.

Rashmi Rs.37.50

D.

Rashmi Rs.50

Correct option is A

Amit Rs.50

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