A) 125.50
B) 110
C) 115.50
D) None of these
Correct Answer: C
Solution :
Amount to be paid in first year \[=\frac{200\times 5\times 1}{100}+200=210\] Amount left as a principal for the second year = 210 ? 100 = 110 \[\therefore \] Amount paid in second year \[=110+\frac{110\times 5\times 1}{100}=115.5\]You need to login to perform this action.
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