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 9 of 9.
Rosemary Maisnam said:
2 decades ago
I agree with Mr. Avinash, Pls clarify how you got that 115.
Naveen said:
2 decades ago
The answer is wrong. Answer should be 115.50 based on amount of 110.
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,
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