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in Quantitative Aptitude retagged by
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A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?
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sushmita,can u pls make the question more clear?
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the question is same exactly i have copied from RS agarwal solved example. Even i am not able to comprehend it :(
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Ans 160?

I think simple interest will work here
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these kind of questions ask in gate ??????????????????//
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