Solved UPSC CDS/OTA Question
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Q · Compound InterestModerate · 45s
Find the amount of ₹8000 at 10% p.a. compound interest for 2 years (compounded annually).
TopicCompound Interest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Q 1 / 30Next question →
Step-by-Step Solution
The complete worked solution.
Every step explained — no skipped algebra.
A = P(1+r)^t = ₹8000×(1+0.10)^2 = ₹9680; CI = ₹1680.
Final Answer: Option B — ₹9680.00