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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 :5
Q: 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 :
- 1Rs. 100false
- 2Rs. 105false
- 3Rs. 115true
- 4Rs. 110false
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Answer : 3. "Rs. 115"
Explanation :
Answer: C) Rs. 115 Explanation: Amount to be paid = Rs.100+200×5×1100+100×5×1100= Rs. 115.