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 7 of 9.
Sahil said:
1 decade ago
Simple interest is ALWAYS calculated on the original principal.
Compound interest is calculated on the original principal plus the interest accumulated over the years.
If you apply compound interest method u will get 115.5
But if u apply simple interest you will get the correct answer which is 115.
Sahil EEE, B.E(hons) Bits Pilani
Compound interest is calculated on the original principal plus the interest accumulated over the years.
If you apply compound interest method u will get 115.5
But if u apply simple interest you will get the correct answer which is 115.
Sahil EEE, B.E(hons) Bits Pilani
Neela said:
1 decade ago
Agreed with harsha's calculation.......its very simple and easy to understand
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.
Viay narayan singh said:
1 decade ago
The answer is right. Because first year he only pay principal amount and not interest. So he has to pay Rs 10 as a interest for first year and Rs 5 for 2 nd year so total amount paid to clear his debt is 100+10+5= 115.
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