Compound Intetrest Question 1 – IB Security Assistant

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Q · Compound IntetrestModerate · 45s

Find the amount of ₹8000 at 10% p.a. compound interest for 2 years (compounded annually).

TopicCompound Intetrest

Question Typemultiple choice

DifficultyModerate

Marking+1 / −0.25

From TestChapter Test 1 (Chapter Test)

Test Duration30 min

Step-by-Step Solution

Every step explained — no skipped algebra.

A = P(1+r)^t = ₹8000×(1+0.10)^2 = ₹9680; CI = ₹1680.

Final Answer: Option B — ₹9680.00