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.
Amit said:
10 years ago
Correct answer is 115.50 because 110 is P for next year.
Addan kayani said:
9 years ago
Correct answer is 115.
As per calculation and definition of simple interest.
The total amount borrowed 200. For 2 year period.
If we calculate interest per period we get our answer.
S = p(1 + rt).
S = 200(1 + .05*1).
S = 210.
Less amount returned.
210 - 100 = 110.
For the second period of time, we take 100 as principal, not 110.
S = p(1 + rt).
S = 100(1 + .05*1).
S = 105.
Add the previous interest which is 10 Rs.
Total payable,
105 + 10 = 115.
As per calculation and definition of simple interest.
The total amount borrowed 200. For 2 year period.
If we calculate interest per period we get our answer.
S = p(1 + rt).
S = 200(1 + .05*1).
S = 210.
Less amount returned.
210 - 100 = 110.
For the second period of time, we take 100 as principal, not 110.
S = p(1 + rt).
S = 100(1 + .05*1).
S = 105.
Add the previous interest which is 10 Rs.
Total payable,
105 + 10 = 115.
Nishant said:
9 years ago
You are absolutely correct @Addan Kayani.
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.
Padal said:
9 years ago
Yes, the answer is 115.50.
Santosh K said:
9 years ago
The correct answer is 115.50.
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.
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).
Hari said:
9 years ago
As per my calculation, the answer is 115.5rs.
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.
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