All Exams Test series for 1 year @ ₹349 only
Question

How much will ₹10,000 amount to in one year's time at 4% rate of interest per annum if the interest is compounded once in every three months? (take approximate value)

This question was previously asked in
CDS 2 2025 Maths Question Paper (14-Sep-2025)
The correct answer is

₹10,406

The compound interest formula is used to calculate the amount when interest is compounded quarterly. After one year, ₹10,000 will amount to ₹10,406. Hence, the correct answer is (a) ₹10,406.

Was this answer helpful?

Similar Questions

  1. A train of certain length takes time t to pass completely through a station of length x. The same train with the same speed takes time 2t to pass completely through another station of length y. What is the time taken by the train to pass completely through a station of length (x + y)?

  2. Three amounts \(x, y, z\) are such that \(y\) is the compound interest on \(x\); and \(z\) is the compound interest on \(y\). The rate of interest per annum and the time period in years are same. Which one of the following is correct?
  3. An amount of ₹10,000 is borrowed at 10% per annum on compound interest for 3 years, compounded annually, and paid back in 3 equal annual installments during these years. What is the amount of each installment (approximately)?

Important Questions from Compound Interest

  1. A person borrowed Rs. 10000 on compound interest at the rate of 40 percent per annum. If the interest is compounded half yearly, then what will be the amount to be paid after 1.5 years?

  2. The difference between the compound interest (compounding annually) and the simple interest on a sum of money at the rate of 40 per cent per annum for 2 years is Rs. 2400. What is the amount?

  3. In how many years will a sum of Rs.1875 amount to Rs.2187 at 8 percent p.a. compound interest?

  4. A sum of money has increased by 45% in 9 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

  5. At a certain rate of compound interest a certain sum amounts to Rs. 64800 in 4 years and Rs. 93312 in 6 years. What is the compound interest earned in fifth year?

Need Expert Advice?
Test Series
CDS img
Defence
UPSC CDS 2026 Mock Test Series
536 Tests 4 Tests Free
1624 Attempts
4.3(172)
English, Hindi
More Questions from CDS

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App