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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

  1. A R = S
  2. B R > S
  3. C R < S
  4. D R ≤ S
Show Answer

Correct Answer

C R < S

Model Answer

Answer: option C, as per UPSC's final answer key (Series A).

Syllabus topics

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2023 — A principal P becomes Q in 1 year when compounded… | Dr. Amit IAS Academy