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Q.

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 two years, he would pay
Distance formula

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a

Rs 105

b

Rs 110

c

Rs 115

d

Rs 115.50

answer is D.

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Detailed Solution

Simple interest = P*R*T/100
Where P is the principal amount , r is the interest rate and + is the time.
Let’s find th amount to be paid after 1st year
Amount = 200*5*1/100+200
=210
The amount would be 210 he repays Rs 100
ஃ210-100=110
Now, we will calculate the amount to be paid in second year amount to be paid in second year Amount =110+110* 5*1/100
110+5.5
=115.50
there fore, option 4 is the correct answer.
Type- CBSE
Subject- Mathematics
Chapter- Coordinate formula Topic- Distance formula

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