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.
Neelam verma said:
1 decade ago
115 is correct answer because 10 rupee was remaing from 1 year and for the 2 year the simple interest on 100 rupee will be only 5% so adding 100+remaing year 10+5 % simple interest will be 115
Suman saurav said:
1 decade ago
According to question solution is wrong. In the question it should be mention that the 100 rupees returned after 1 yr. is from the principal. Otherwise there should not be option of 115.50.
Riya said:
8 years ago
The Basic Rule: Any sum that is paid back to the bank before the last installment is deducted from the principal and not from the interest.
So, the answer is 115 calculated using SI.
So, the answer is 115 calculated using SI.
(3)
Prasanthi said:
1 decade ago
Hey the answer should b 115.5.
Because for the last 1 year, the SI is calculated as (210-100)*1*5/100 which is 5.5/-.
So the total amount to be re payed now is 110+5.5 rupees.
Because for the last 1 year, the SI is calculated as (210-100)*1*5/100 which is 5.5/-.
So the total amount to be re payed now is 110+5.5 rupees.
Shwetha said:
2 decades ago
Solution is correct first he takes loan 200 then he return backs 100 so 200-100=100 then simple interest for 1 year and for 2 years that is ptr/00 so 115 is correct answer.
Punit said:
1 decade ago
Anser is wrong. Correct answer is 110. Because it is not compound interest. It is simple interest it does not matter when you are paid to it and it would not be change.
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..
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..
Prateek said:
1 decade ago
The given answer is correct. The value 10 is the interest not money for Simple Interest. So interest should be calculated on 100 instead of 110.
Deepesh said:
1 decade ago
The given answer is correct , coz he left with 100/- plus the interest plus the interest of that 100/- which is due..
100+10+(100*5*1/100) = 115
100+10+(100*5*1/100) = 115
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