Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
The amount after 3 years at 10% p.a. (annual compounding) is ₹21,970.80. 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 = 21970.80/(1.1)^3 = ₹16506.99.
Final Answer: Option A - ₹16506.99