Compound Interest · UPSC CDS/OTA · Question 28 of 30

Compound Interest – Question 28

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

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

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Q · Compound InterestDifficult · 45s

On ₹10,000 for 3 years (annual CI), the compound interest is ₹3,310. Find the rate p.a.

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)^3 = 13310/10000 ⇒ r ≈ 10.0%.

Final Answer: Option A — 10.0%
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Compound Interest Question 28 – UPSC CDS/OTA