Solved IB Security Assistant Question
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Q · Compound IntetrestDifficult · 45s
Find the amount of ₹10,000 at 10% p.a. for 1 year 6 months when interest is compounded annually.
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 = P(1+r) for 1 year, then SI for 6 months in amount: A = 10000×1.10×(1+0.10×0.5) = ₹11550.
Final Answer: Option A - ₹11550.00