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.
Rufus Alex said:
1 decade ago
115 is correct
because logically thinking the power of simple interest is one must not calculate interest for the previous interest money and so no one will return the interest before returning the complete principle so 115 is correct
because logically thinking the power of simple interest is one must not calculate interest for the previous interest money and so no one will return the interest before returning the complete principle so 115 is correct
Path_breaker said:
1 decade ago
The answer is 115.50, correct it NOW
Bhashkar Tiwary said:
1 decade ago
The answer should be 115.50.
It's very simple:
after one year- net amount will be= principal + interest
=200+(200*5*1)/100=210.
The person paid 100.
So new p is 110, so interest comes out to be=( 110*5*1)/100
=5.5
So total amt to be paid after 1 year gaain is = Rs. 115.50.
It's very simple:
after one year- net amount will be= principal + interest
=200+(200*5*1)/100=210.
The person paid 100.
So new p is 110, so interest comes out to be=( 110*5*1)/100
=5.5
So total amt to be paid after 1 year gaain is = Rs. 115.50.
Avinash anand said:
2 decades ago
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: (Ans Rs. 115)
----------------
Answer is wrong, else the method is wrong , coz at the end of 1 year he pays 100/- , bcoz the amount at the end of 1 year must be 210/- n 210-100=110/- which is the principal for the next year.
First year SI = 10, amount = P+SI=200+10=210,
He pays 100/- at the end , so amount = 210-100=110,
110 is the new P for next year,
----------------
Answer is wrong, else the method is wrong , coz at the end of 1 year he pays 100/- , bcoz the amount at the end of 1 year must be 210/- n 210-100=110/- which is the principal for the next year.
First year SI = 10, amount = P+SI=200+10=210,
He pays 100/- at the end , so amount = 210-100=110,
110 is the new P for next year,
Santhosh yada said:
1 decade ago
115 is correct
Nanditha said:
1 decade ago
Finally what is the conclusion? is 115 correct or 115.5 correct?
Manoj said:
1 decade ago
The ans is correct as it is based on simple interest, according to SI interest must be calculated only.
Dharampal singh said:
1 decade ago
Hi guys its me dharampal singh. There is no confusion at all.
Please read problem carefully, particular problem is about simple interest not about compound interest. Interest has been charge on principle amount only not on interest. So answer is 115. Thanks you.
Please read problem carefully, particular problem is about simple interest not about compound interest. Interest has been charge on principle amount only not on interest. So answer is 115. Thanks you.
Sundar said:
1 decade ago
@All those are supporting 115.50
Given Question: A person takes a loan of Rs. 200 at 5% "simple interest"....
What will be the answer if "compound interest" in the place of "simple interest" in the given question ?
What will the difference in the amount he has to pay, while calculating with "simple interest" and "compound interest"?
Can some one answer my questions please?
Given Question: A person takes a loan of Rs. 200 at 5% "simple interest"....
What will be the answer if "compound interest" in the place of "simple interest" in the given question ?
What will the difference in the amount he has to pay, while calculating with "simple interest" and "compound interest"?
Can some one answer my questions please?
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
I 100% agree with you...
Keep it up
You clear my mind to give good solution
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