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Compound Interest · UPSC CDS/OTA · Question 27 of 30

Compound Interest: The amount after 3 years at 10% p.a. (annual compounding) is ₹21,970.80. Find the principal.

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

The amount after 3 years at 10% p.a. (annual compounding) is ₹21,970.80. Find the principal.

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.

P = 21970.80/(1.1)^3 = ₹16506.99.

Final Answer: Option A - ₹16506.99
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The amount after 3 years at 10% p.a. (annual… - Compound Interest (Mathematics) Solved Question