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| 1. |
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» Amount to be paid = Rs. 100 + 200 x 5 x 1 + 100 x 5 x 1 100 100 = Rs. 115. | |