Solved IB Security Assistant Question
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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
From TestChapter Test 1 (Chapter Test)
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 A — ₹26611.20