Solved UPSC CDS/OTA Question
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Q · Compound InterestModerate · 45s
A car’s value falls by 15% in the first year and rises by 10% in the next year. If the initial value was ₹40,000, find its value after 2 years.
TopicCompound Interest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
A = 40000×0.85×1.10 = ₹37400.
Final Answer: Option A - ₹37400.00