A sum of Rs. 1000 is invested on compound interest (compounding 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, then what will be the interest?

A sum of Rs. 1000 is invested on compound interest (compounding annual

1.	A sum of Rs. 1000 is invested on compound interest (compounding 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, then what will be the interest?
A.	Rs. 756
B.	Rs. 655
C.	Rs. 612
D.	Rs. 815
Answer» E.

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A sum of Rs. 1000 is invested on compound interest (compounding 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, then what will be the interest?

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