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

Quantitative Aptitude ( CCS) Compound Interest

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.

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