search
Q: A sum of 1000 is invested on compound interest (compounding annually) for 3 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. `612
  • B. `655
  • C. `815
  • D. `756
Correct Answer: Option C -
answer image

Explanations:

explanation image