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Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest?
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.
By: Amit Kumar ProfileResourcesReport error
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