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 ? 

A `Rs. 115.50` 
B `Rs. 110` 
C `Rs. 115` 
D `Rs. 100` 

+ Answer
C 

+ Explanation
Amount to be paid 

`= Rs.(100 + (200 xx 5 xx 1)/(100) + (100 xx 5 xx 1)/(100))`

`= Rs. 115`

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Irin Moni

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