Home
Class 14
MATHS
A sum of Rs1000 is invested on compound ...

A sum of Rs1000 is invested on compound interest (compounded annually) for three years. If the rate of interest is 10% per annum for the first two years and 50% per annum for the third year, then what will be the interest ?

A

Rs 756

B

Rs 655

C

Rs 612

D

Rs 815

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Similar Questions

Explore conceptually related problems

A sum of Rs 900 is invested at compound interest (compounded annully) for 2 years. If the rate of interest is 10% per annum, then what be the amount?

A sum of Rs. 3000 is invested on compound interest (compounded anually) at the rate of interest 20% per annum What is the compound interest for 2 years ?

A sum of Rs. 22000 is invested at compound interest (compounding annually). If the rate of interest is 10% per annum, then what will be the amount after 3 year?

The compound interest on ₹ 2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year will be

If Rs 12000 is invested for two years at compound interest (compounded annually ) at the rate of 20% per annum, then what is the interest ?

Find the principal, if the compound interest compound annually at the rate of 10% per annum for three years is Rs 331.