Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
The compound interest on ₹16,000 at 8% p.a. compounded quarterly for 2 years is:
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.
CI = P[(1+r/4)^(8) − 1] = ₹2746.55.
Final Answer: Option A - ₹2746.55