Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
At 8% p.a. compounded annually, the amount after 2 years is ₹14,520. Find the principal.
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.
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Final Answer: Option A - ₹12448.56