Solved IB Security Assistant Question
A solved IB Security Assistant PYQ - decoded step-by-step.
Solve it the standard way once - then learn the shortcut.
Q · Compound IntetrestModerate · 45s
₹16,000 becomes ₹18,522.24 in 1 year when compounded quarterly. Find the annual nominal rate.
TopicCompound Intetrest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
(1+r/4)^4 = 18522.24/16000 ⇒ r ≈ 14.91% p.a.
Final Answer: Option C - 14.91%