Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
For ₹10,000 at 8% p.a. for 3 years, find the difference between CI (annual) and SI.
TopicCompound Intetrest
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
SI = ₹2400; CI = ₹2597.12; Difference = ₹197.12.
Final Answer: Option B - ₹197.12