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| 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 | |