Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest? Choices: A) 3277 B) 2667 C) 1125 D) 2867 E) 9996
Explanation:   Total amount for two years = \inline 1000(1.5)^2=2250   Now , interest for third year = \inline \frac{2250\times 50\times 1}{100}=1125   Answer: 1125) 1125
<result>C</result>
Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest?