Solved IB Security Assistant Question
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Q · Compound IntetrestDifficult · 45s
Find the amount of ₹12,000 at 12% p.a. compounded half‑yearly for 1.5 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.
Principal = ₹12,000 Rate = 12% p.a.
Time = 1.5 years
Compounded half-yearly → 3 periods at 6% each
Amount = ₹12,000 × (1.06)³ = ₹14,292.19
Final Answer: Option A - ₹14292.19