Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
₹10,000 amounts to ₹14,641 at 10% p.a. compounded annually. Find the time.
TopicCompound Intetrest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.25
From TestChapter Test 1 (Chapter Test)
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
A/P = (1.10)^t ⇒ 1.4641 = 1.1^t ⇒ t = 4 years.
Final Answer: Option A - 4 years