1.

The rate of interest in a scheme, working on the principle of simple interest, increases by 0.5% per annum every year. For first year, the rate of interest is 14% per annum. A sum of Rs. 1000 is invested in this scheme for 5 years. Find the interest that will be generated in total.

A. Rs. 500
B. Rs. 750
C. Rs. 1750
D. Rs. 610
Answer» C. Rs. 1750


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