Solved UPSC CDS/OTA Question
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Q · Compound InterestDifficult · 45s
₹8000 amounts to ₹9261 in 1.5 years at a rate compounded half‑yearly. Find the annual rate.
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.
(1+r/2)^(3) = 9261/8000 ⇒ r ≈ 10.0% p.a.
Final Answer: Option A - 10.0%