A sum of Rs. 1000 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, what will be the interest?
A sum of Rs. 1000 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, what will be the interest?
Solution
✅ Correct Option: 3
After two years at 10%: .
After the third year at 50%: .
Interest rupees.
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