Arithmeticmedium · Past Paper
A man invests Rs 5000 for 3 years at 10% per annum compound interest. Calculate the interest for the third year only.
ARs 500
BRs 550
CRs 605
DRs 665.5
✓ Correct Answer: C — Rs 605
Amount after 2 years = 5000(1.1)^2 = 6050. Interest for 3rd year = 10% of 6050 = 605.
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