What will be the Total Interest Earned at the End of Three Years?

One business men invested Rs.50,000 with rate of interest at 20 percent per annum. The interest was compound half yearly for first year and in the next year it was compound yearly. What will be the total interest earned at the end of three years?

  1. Rs.20,300
  2. Rs.49,200
  3. Rs.47, 020
  4. Rs.48,010
Anurag Mishra Professor Asked on 26th November 2015 in Maths.
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