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 IntetrestDifficult · 45s
₹8000 amounts to ₹9261 in 1.5 years at a rate compounded half‑yearly. Find the annual rate.
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.
(1+r/2)^(3) = 9261/8000 ⇒ r ≈ 10.0% p.a.
Final Answer: Option C - 10.0%