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Compound Intetrest · IB Security Assistant · Question 38 of 45

Compound Intetrest: ₹20,000 is invested at 10% in 1st year, 8% in 2nd year, 12% in 3rd year (CI annually). Find the amount after 3 years.

Step-by-step solution. Compound Intetrest for IB Security Assistant.

Topic
Compound Intetrest
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · Compound IntetrestDifficult · 45s

₹20,000 is invested at 10% in 1st year, 8% in 2nd year, 12% in 3rd year (CI annually). Find the amount after 3 years.

TopicCompound Intetrest
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.25
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

A = 20000×1.10×1.08×1.12 = ₹26611.20.

Final Answer: Option B - ₹26611.20
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₹20,000 is invested at 10% in 1st year, 8% in 2nd year… - Compound Intetrest (Mathematics) Solved Question