Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
The amount after 1 year at 10% p.a. compounded quarterly is ₹26,250. Find the principal.
TopicCompound Intetrest
Question Typemultiple choice
DifficultyModerate
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.
P = 26250 / (1+0.10/4)^4 = ₹23781.20.
Final Answer: Option A — ₹23781.20