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Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 14)
Simple Interest
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:
Rs. 105
Rs. 110
Rs. 115
Rs. 115.50
Answer: Option
Explanation:
Amount to be paid
= Rs. 100 + 200 x 5 x 1 + 100 x 5 x 1
100 100
= Rs. 115.
Discussion:
83 comments Page 6 of 9.
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.
Vikas said:   1 decade ago
Statement is wrong. It should be stated that the Rs. 100 is paid back from the pricipal.

Then answer is 115. Otherwise ans is 115. 50.
ER. MAYANK JAIN said:   1 decade ago
The answer is correct as it is based on simple interest, according to SI interest must be calculated only to initial sum borrowed.
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...
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.
Hasmukh Maniya said:   1 decade ago
You are Right Mr.Mukesh Rai..

I 100% agree with you...

Keep it up

You clear my mind to give good solution
Harika said:   1 decade ago
115 is absolutely correct answer. Please don't get confused with simple interest with compound interest.
Manoj said:   1 decade ago
The ans is correct as it is based on simple interest, according to SI interest must be calculated only.
Tripti said:   1 decade ago
The answer is absolutely correct. Sundari has given the exact explanation. It is the actual concept.
Jasubhai said:   7 years ago
115 is the right answer because simple interest calculates on 100 not on 110. It is not C I.
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