Ram bought a flat for Rs. 2 lakh. Shyam bought a plot of land for Rs. 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?

  • Option 1)

    Ram has to pay Rs. 47500 to Shyam.

  • Option 2)

    Shyam has to pay Rs. 47500 to Ram.

  • Option 3)

    Neither of the two would have to pay any amount to the other.

  • Option 4)

    None of the above.

  • Option 5)

    -

Answers (1)



Present \, price \, of \, Ram's\, flat= Rs. 200000

Price \: after \: 2 \, years\, will \: be\: 56.25% of\: 200000 + 200000 = 3.125 lakh

Present \: price \: of\: shyam;s\: flat = Rs. 2.5 lakh

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. 47500

hence\, Ram \: has\: to\: pay\: Rs. 47500\: to\: shyam.

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