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:
Rs. 105
Rs. 110
Rs. 115
Rs. 115.50
Answer: Option
Explanation:
Amount to be paid
= Rs. 100 + 200 x 5 x 1 + 100 x 5 x 1
100 100
= Rs. 115.
Discussion:
83 comments Page 9 of 9.

Santosh K said:   9 years ago
The correct answer is 115.50.

Padal said:   9 years ago
Yes, the answer is 115.50.

Santhosh yada said:   1 decade ago
115 is correct


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