Multiple Choice Questions on Rs 1000 is being charged at 50 per annum what is the interest for 3rd year at compound interest........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

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

Quantitative Aptitude ( CCS) Compound Interest
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    Rs 1000 is being  charged at 50% per annum. what is the interest for 3rd year at compound interest?

    1025

    Incorrect Answer

    1050

    Incorrect Answer

    1125

    Correct Answer

    1150

    Incorrect Answer
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    Explanation:

    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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