Question

A person takes a loan of rs 200 at 5% pa compound interest .He returns rs 100 at the end of ome year.How much amount he would require to pay at the end of 2nd year in order to clear his dues

Answer 1

Your answer is here


Lone ammount is = 200

Rat of interest is = 5 %

Total interest is

$s.i. \: = \: price \: \times \: rate \: \times \: time \: \div 100$
S. I. = 200 × 5 × 2 ÷ 100

S. I. = 20

Total paid ammount is = 200 + 20

= 220

He returns 100 rupees on 1st year

Now he pay 220 - 100 = 120

He pay 120 end of 2nd year

I hope it's helpful for you. Thank you