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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 one year. In order clear his dues at the end of 2 years, he would pay :
A.
Rs. 100
B.
Rs. 105
C.
Rs. 115
D.
Rs. 110
View Answer
Correct choice: C
Explanation:
Amount to be paid = Rs.[100+200×5×1/100+100×5×1/100]= Rs. 115.
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