Solved IB Security Assistant Question
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Q · Compound IntetrestDifficult · 45s
Find the compound interest on ₹6000 at 15% p.a. for 3 years (annual compounding).
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.
CI = 6000[(1.15)^3 − 1] = ₹3125.25.
Final Answer: Option A - ₹3125.25