Advertisement Remove all ads

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

Options

  • ₹105

  • ₹110

  • ₹115

  • ₹115.50

Advertisement Remove all ads

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?
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×