# A Person Takes a Loan of ₹200 at 5% Simple Interest. He Returns ₹100 at the End of 1 Yr. in Order to Clear His Dues at the End of 2 Yr, He Would Pay - Mathematics

MCQ

A person takes a loan of ₹200 at 5% simple interest. He returns ₹100 at the end of 1 yr. In order to clear his dues at the end of 2 yr, he would pay

• ₹105

• ₹110

• ₹115

• ₹115.50

#### Solution

₹115
Explanation :
Amount to be paid

= ₹(100+(200xx5xx1)/100+(100xx5xx1)/100)= ₹115

Concept: Simple and Compound Interest
Is there an error in this question or solution?