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 8 of 9.
Sundari said:
1 decade ago
Tha answer is correct. Because calculating the interest for 1st year which Rs 10 is the interest. He paid 100 at the end of first year so calculate interest for amt 100 ie for Rs 5. So total interest he has to pay is Rs.15+Plus borrowed amount is 200(215).
But he paid 100 in the previous year.
So finally 215-100 = 115. So the answer is correct from my point of view.
But he paid 100 in the previous year.
So finally 215-100 = 115. So the answer is correct from my point of view.
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.
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...
Priya said:
1 decade ago
@Rlnmurthy
Really good solution....in easy way..
Really good solution....in easy way..
Ajay Goyal said:
1 decade ago
I am agree with Rlnmurty. Nice explanation yar.
Rlnmurty said:
1 decade ago
Answer is wrong as per my knowledge. He paid 100 at the end of first year. Out of which 10 is interest. So he paid 90 as part of paying back his principle. So remaining principal which is interest chargeable is 110. So he has to pay 110+ (110*5*1) /100=115. 50.
Sunte said:
1 decade ago
Ans is 115.5. The concept of SI is different from CI.
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.
Avinash kumar said:
1 decade ago
He had taken 200/- at r.p.a 5% at the end of 1st year it increases to 210 but he had paid 100/- . So 210-100=110 in 110 10/- is interest and remaining is 100/- so calculate interest for 100/- it is 5/- so add 100+10+5=115. So by the end of the 2nd year he have to pay 115/-.
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.
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