Aptitude - Simple Interest - Discussion
Discussion Forum : Simple Interest - General Questions (Q.No. 14)
14.
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Answer: Option
Explanation:
| Amount to be paid |
|
|||||||||
| = Rs. 115. |
Discussion:
83 comments Page 2 of 9.
Teju said:
8 years ago
115 is the clear answer.
Because I have 200 /- for 3 years with 5% simple interest. So its interest will be 30/- and totally become 230/-. If you solve this problem year by year its interest will be 231.525/- as for one year si is 10/- and sum is 210/- for second year si is 10. 5/- and sum is 220.5/- for 3rd year SI is 11.025 so the total sum is 231.525 so you can easily understand.
Because I have 200 /- for 3 years with 5% simple interest. So its interest will be 30/- and totally become 230/-. If you solve this problem year by year its interest will be 231.525/- as for one year si is 10/- and sum is 210/- for second year si is 10. 5/- and sum is 220.5/- for 3rd year SI is 11.025 so the total sum is 231.525 so you can easily understand.
Emailpurnendu@gmail.com said:
8 years ago
It is S.I.
For 1st yr he has to pay (200 x 1 x 5/100) = 10 (interest only),
Now he cleared Rs. 100. So remaining principle is (200-100) = rs. 100.
Hence, he has to pay (100 x 1 x 5/100) = 5 (interest only).
So, In total he has to pay [10(prv int.) + 5 (nxt int) + 100 (remaining principle)] = rs. 115.
Is it clear?
For 1st yr he has to pay (200 x 1 x 5/100) = 10 (interest only),
Now he cleared Rs. 100. So remaining principle is (200-100) = rs. 100.
Hence, he has to pay (100 x 1 x 5/100) = 5 (interest only).
So, In total he has to pay [10(prv int.) + 5 (nxt int) + 100 (remaining principle)] = rs. 115.
Is it clear?
Krishu said:
9 years ago
IN SI, the principal is always same, but in CI principal get vary ie, (p+ci) this is the concept.
You can take an example for it and find CI and SI for single case. you will see SI is always found in original principal, whether it is for 1st, 2nd yr and so on.
But for CI, interest always find on (p+interest), every year principal gets changed which will be( p+interest).
So the ans is correct ie 115.
You can take an example for it and find CI and SI for single case. you will see SI is always found in original principal, whether it is for 1st, 2nd yr and so on.
But for CI, interest always find on (p+interest), every year principal gets changed which will be( p+interest).
So the ans is correct ie 115.
Kishore said:
9 years ago
The si on 200 is 10, he paid 100 so amount principal in 2 and would be 100 not 110 because if we have taken 110 it would be ci.
Hari said:
9 years ago
As per my calculation, the answer is 115.5rs.
Seraj khan said:
9 years ago
The right answer is;
Principal = 200.
For first year
Now Rs 100 take out from the bank then principal = 100.
For 2nd year,
Because question mention is simple interest (always kept in mind do no consider interest rate).
Principal = 200.
For first year
Now Rs 100 take out from the bank then principal = 100.
For 2nd year,
Because question mention is simple interest (always kept in mind do no consider interest rate).
UDIT NARAYAN(MSRIT) said:
9 years ago
IT IS SIMPLE SI = PTR/100.
200 * 1 * 5/100 = 10.
TOT PAID = 210.
210 - 100 = 110.
110 * 5 * 1/100 = 5.5.
TOT AMT = 110 + 5.5 = 115.5.
200 * 1 * 5/100 = 10.
TOT PAID = 210.
210 - 100 = 110.
110 * 5 * 1/100 = 5.5.
TOT AMT = 110 + 5.5 = 115.5.
Santosh K said:
9 years ago
The correct answer is 115.50.
Padal said:
9 years ago
Yes, the answer is 115.50.
Manisha said:
9 years ago
The answer should be 115.50 because at the end of one year he pays back 100, so the principle for the 2nd year becomes 110, interest at the end of the 2nd year is 5.5 so the amount to be paid will be 115.50.
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