A person takes a loan of Tk. 200 at 5% simple interest. He returns Tk.100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay :

A person takes a loan of Tk. 200 at 5% simple interest. He returns Tk.100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay :

A person takes a loan of Tk. 200 at 5% simple interest. He returns Tk.100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay : ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

Tk. 115

Tk. 115.50

Tk. 105

Tk. 110

0 1

Best Answer Explained in Below-:

Amount to be paid = Tk100 + 200×5×1100 + 110×5×1100 = Tk.115·50

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