Multiple Choice Questions on A person takes a loan of Rs 200 at 5 simple interest He returns Rs 100 at the end of one year In ord........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person takes a loan of Rs 200 at 5 simple interest He returns Rs 100 at the end of one year In ord...........

Quant (SSC) Simple Interest
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    A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs.100 at the end of one year. In order clear his dues at the end of 2 years, he would pay :

    Rs. 100

    Incorrect Answer

    Rs. 105

    Incorrect Answer

    Rs. 115

    Correct Answer

    Rs. 110

    Incorrect Answer
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    Explanation:

    Amount to be paid = Rs.[100+200×5×1/100+100×5×1/100]= Rs. 115

    By: MIRZA SADDAM HUSSAIN
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