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Rs. 1000 is being charged at 50% per ann...

Rs. 1000 is being charged at 50% per annum what is the interest for `3^(rd)` year at compound interest ?

A

1122

B

1025

C

1125

D

625

Text Solution

Verified by Experts

Total amount for two years `1000(1.5)^2=2250` Now, interest for third year =`(2250xx50xx1)/100=1125` Hence,(c) is correct.
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