Solved IB Security Assistant Question
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Q · Compound IntetrestDifficult · 45s
On ₹10,000 for 3 years (annual CI), the compound interest is ₹3,310. Find the rate p.a.
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.
(1+r)^3 = 13310/10000 ⇒ r ≈ 10.0%.
Final Answer: Option B - 10.0%