# A person borrowed Rs 1000 at the rate of 10% per annum simple interest. What is the amount he has to pay after 5 years to clear the debt? Option 1) Rs.1564          Option 2) Rs.1520      Option 3)   Rs.1500   Option 4)    Rs.1550Option 5)  Rs.1532

$S.I = \frac{PTR}{100} = \frac{\left \{ 1000\times 5 \times 10 \right \}}{100}{ }= 500$
$Desired\: answer = 1000 + 500 = 1500$