Question
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 :
Answer: Option C
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Amount to be paid = Rs. `(100 + (200 xx 5 xx 1)/(100) + (100 xx 5 xx 1)/(100))` = Rs. 115.
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