Question

Ram bought a flat for 2 lakh. Shyam bought a plot of
land for 2.5 lakhs. The rates of increase in the prices
of the flat and the plot are 25% p.a. and 20% p.a.
respectively. Ram and Shyam agreed to exchange
their possessions after 2 years under the condition
that one would pay the other the difference in the
price. Which of the following holds true?
(A) Ram has to pay 47500 to Shyam.
(B) Shyam has to pay 47500 to Ram.
(C) Neither of the two would have to pay any amount
to the other.
(D) None of the above​

Answer 1

Answer:

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Step-by-step explanation:

Present Price of Ram's flat = Rs.200000

Price after 2 years will be 56.25%

of 200000+200000 = 3.125 lakhs

Present Price of Shyam's flat = Rs.2.5 lakhs

Price after 2 years will be 44%

of 2.5 lakh +2.5 lakh = 3.60 lakh

Difference between price = 3.6 lakh - 3.125 lakh = Rs.47,500

Hence , Ram has to pay Rs.47500 to Shyam. (A)