Compound Interest

Quantitative Aptitude ( CCS) Mathematics - All Exams

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

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

1025

1050

1125

1150

Total amount for two years = 1000×(1.5)²= 2250

Now, interest for third year = 2250 x 50 x 1 /100 = 1125

Hence, option 3 is the correct answer.