Solved IB Security Assistant Question
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Q · Compound IntetrestDifficult · 45s
Find the amount of ₹5000 at 9% p.a., compounded continuously for 2 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 = Pe^(rt) = 5000·e^(0.09×2) = ₹5986.09; CI = ₹986.09.
Final Answer: Option A - ₹5986.09