Q11 . X is repaid a loan that she had given to Y such that each year the amount she gets is 1/20 lesser than what he got in the previous year . Y being a sly person, decides to give X 2500/- as a lump sum and not pay anything later. Who gains from this agreement and what is the breakeven value, if the initial installment is 100/- (consider no time value of money).
a. X, 2000/-
b. Y, 3000/-
c. X, 100/-
d. Y, 10000/-
e. Y, 1000/-
[spoiler]oa:d[/spoiler]
a. X, 2000/-
b. Y, 3000/-
c. X, 100/-
d. Y, 10000/-
e. Y, 1000/-
[spoiler]oa:d[/spoiler]
I'm no expert, just trying to work on my skills. If I've made any mistakes please bear with me.
