A person borrows Rs 200 at 5% compound interest per
annum. If he returns Rs 100 after one year, then how many more rupees will he have to pay at the end of 2 years?
A100.25Correct AnswerIncorrect Answer
B115.50Correct AnswerIncorrect Answer
C125.30Correct AnswerIncorrect Answer
D110.50Correct AnswerIncorrect Answer
Solution
Given – P =200, r = 5% Amount after one year = P + interest = 200+200×5/100= 210 Rs Remain after returns 100 Rs = 210-100= 110 Rs And pay at the end of the 2 years = 110+ 110×5/100 =110+5.50=115.50Rs
