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CDS 2026 · PYQ · Compound Interest · easy

In what duration of time will ₹3300 become ₹3399 at 12% per annum interest compounded quarterly?

Answer

The correct answer is A: 3 months. Quarterly rate = 12%/4 = 3% per quarter. After 1 quarter (3 months): 3300 × 1.03 = 3399.

  1. A.3 months✓ Correct
  2. B.6 months
  3. C.9 months
  4. D.1 year

Explanation

Quarterly rate = 12%/4 = 3% per quarter. After 1 quarter (3 months): 3300 × 1.03 = 3399. So the duration is 3 months.
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