Solved UPSC CDS/OTA Question
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Q · Compound InterestModerate · 45s
The compound interest on ₹16,000 at 8% p.a. compounded quarterly for 2 years is:
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.
CI = P[(1+r/4)^(8) − 1] = ₹2746.55.
Final Answer: Option A — ₹2746.55