DSSSB · Mathematics

Mohit took a loan of ₹2,200 at 5% compound interest per annum. After one year he returned ₹1,200. What amount will have to be paid to clear the dues at the end of the second year?

  1. ₹1,065.5
  2. ₹1,055.5
  3. ₹1,155.5
  4. ₹1,165.5
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