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UPSC Civil ServicesPrelims2023General Studies Paper II (CSAT)
Question
QQ44. A principal P becomes Q in 1 year when compounded half-yearly with R% annual rate of interest. If the same principal P becomes Q in 1 year when compounded annually with S% annual rate of interest, then which one of the following is correct ?
Options
- A R = S
- B R > S
- C R < S
- D R ≤ S
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Correct Answer
C R < S
Model Answer
Answer: option C, as per UPSC's final answer key (Series A).