Solved IB Security Assistant Question
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Q · Compound IntetrestPYQ · 45s
On ₹12,000 at 10% p.a. for 2 years, the compound interest equals:
TopicCompound Intetrest
Question Typemultiple choice
DifficultyPYQ
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 = SI + extra = ₹2400 + ₹120 = ₹2520.
Final Answer: Option A — ₹2520.00