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 5 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.
Ganesh said:
7 years ago
Answer is correct as;
--> 1. firstly calculate the SI for the first year that comes to be 10rs.
2.Then he returned 100rs at the end of the first year so remaining amount to be paid is 100 + 10.
3.Now for the second yr the SI will be calculated on 100rs which comes to be 5rs. So total amount to be paid at the end of second yr is 100 + 10 + 5 =115.
--> 1. firstly calculate the SI for the first year that comes to be 10rs.
2.Then he returned 100rs at the end of the first year so remaining amount to be paid is 100 + 10.
3.Now for the second yr the SI will be calculated on 100rs which comes to be 5rs. So total amount to be paid at the end of second yr is 100 + 10 + 5 =115.
Baba said:
1 decade ago
The ans is correct as it is based on simple interest, according to SI interest must be calculated only to initial sum borrowed...
Sravanthi said:
1 decade ago
The solution is correct..
100+10+5
Here,the 100 is the remaining amount he have 2 pay
10 is the S.I for first year
5 is the S.I for remaining 100..
100+10+5
Here,the 100 is the remaining amount he have 2 pay
10 is the S.I for first year
5 is the S.I for remaining 100..
Shilpa said:
1 decade ago
Tel me the exact ans with denomination like p=? t=? r=?
Krishna said:
1 decade ago
I agree with harsha, its the exact explanation according to me.
Wow harsha.
Wow harsha.
Agarwal said:
1 decade ago
1st year (200*5*1/100)+200=210.rs100 refund,so 210-100=110
2nd year (110*5*1/100)+110=115.5
If any doubt arise in any other question also post here..
2nd year (110*5*1/100)+110=115.5
If any doubt arise in any other question also post here..
Shivakarthik said:
1 decade ago
In general 5% interest of 200rs is 10rs .He return rs 100 at the end of 1 year (here the interest is 10 rs). so he want to give the another 100 rs in 1 year the interest for that amt is 5 rs so (10+5=15)
100+15=115 answer s correct ...
hope u understand....
100+15=115 answer s correct ...
hope u understand....
Harsha R said:
1 decade ago
The SI for 200 at the end of 1st year=(200*1*5)/100=10.
Hence total amount at the end of 1st year=200+10=210.
But he returns back RS 100 at the end of 1st year.
Hence principl amount for 2nd year=(210-100)=110.
Then SI at the end of 2nd year=(110*1*5)/100=5.5.
Hence total amount he needs to return at the end of 2nd year
= 110+5.5 = Rs 115.5.
Hence total amount at the end of 1st year=200+10=210.
But he returns back RS 100 at the end of 1st year.
Hence principl amount for 2nd year=(210-100)=110.
Then SI at the end of 2nd year=(110*1*5)/100=5.5.
Hence total amount he needs to return at the end of 2nd year
= 110+5.5 = Rs 115.5.
Tripti said:
1 decade ago
The answer is absolutely correct. Sundari has given the exact explanation. It is the actual concept.
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