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.
Abdul said:
1 decade ago
Answer is absolutely correct. Just know about what is simple interest and compound interest.
Neela said:
1 decade ago
Agreed with harsha's calculation.......its very simple and easy to understand
Krishna said:
1 decade ago
I agree with harsha, its the exact explanation according to me.
Wow harsha.
Wow harsha.
Naveen said:
2 decades ago
The answer is wrong. Answer should be 115.50 based on amount of 110.
Nanditha said:
1 decade ago
Finally what is the conclusion? is 115 correct or 115.5 correct?
Ramanath said:
1 decade ago
I agree with avinash kumar. Answer 115/- is absolutely currect.
Joel said:
1 decade ago
If we follow the concept of SI then the answer 115 is correct.
Rosemary Maisnam said:
2 decades ago
I agree with Mr. Avinash, Pls clarify how you got that 115.
Raisa said:
7 years ago
(200*5v1)/100 = 10.
(110*5*1)/100 = 5.5.
110+5.5 = 115.5.
(110*5*1)/100 = 5.5.
110+5.5 = 115.5.
(5)
Amit said:
10 years ago
Correct answer is 115.50 because 110 is P for next year.
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