Solved UPSC CDS/OTA Question
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Q · Compound InterestModerate · 45s
What is the present worth of ₹15,000 due in 2 years at 5% p.a. compounded annually?
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 = 15000/(1.05)^2 = ₹13605.44.
Final Answer: Option A - ₹13605.44