Compound Interest · UPSC CDS/OTA · Question 8 of 30

Compound Interest – Question 8

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

Topic
Compound Interest
Subject
Mathematics
Difficulty
Moderate
Solve Time
45–60 sec

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Q · Compound InterestModerate · 45s

A sum of ₹15,000 is invested at 10% in the first year and 12% in the second year (CI annually). Find the amount 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 = 15000×1.10×1.12 = ₹18480.

Final Answer: Option A — ₹18480.00
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Compound Interest Question 8 – UPSC CDS/OTA