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A person takes a loan of Rs 200 at 5%...

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 105 (b) Rs 110 (c) Rs 115 (d) Rs 115.50

A

125.5

B

110

C

115.5

D

none of these

Text Solution

Verified by Experts

The correct Answer is:
C
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 1)
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  12. The compound interest on Rs. 4000 at 25% p.a. in 3 years :

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  13. The compound interest on Rs. 5000 at 30% p.a. in 3 years :

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