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A person takes a loan of 200 at 5% simple interest. He returns 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
105
110
115
115.50

Read Solution (Total 1)

ANS:115.5
for the first year intrest =200*1*5/100=10
total=200+10=210
but he returned 100 remainin ammount is 110
for 2ed year intrest is 110*5*1/100=5.5
so total amount is 110+5.5=115.50
option D
12 years agoHelpfull: Yes(3) No(0)

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