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Compound Interest · UPSC CDS/OTA · Question 17 of 30

Compound Interest: ₹20,000 is invested at 10% in 1st year, 8% in 2nd year, 12% in 3rd year (CI annually). Find the amount after 3 years.

Step-by-step solution. Compound Interest for UPSC CDS/OTA.

Topic
Compound Interest
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

Solved UPSC CDS/OTA Question

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Q · Compound InterestDifficult · 45s

₹20,000 is invested at 10% in 1st year, 8% in 2nd year, 12% in 3rd year (CI annually). Find the amount after 3 years.

TopicCompound Interest
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

A = 20000×1.10×1.08×1.12 = ₹26611.20.

Final Answer: Option A - ₹26611.20
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₹20,000 is invested at 10% in 1st year, 8% in 2nd year… - Compound Interest (Mathematics) Solved Question