Compound Intetrest · IB Security Assistant · Question 9 of 30

Compound Intetrest – Question 9

Step-by-step solution. Compound Intetrest for IB Security Assistant.

Topic
Compound Intetrest
Subject
Maths
Difficulty
PYQ
Solve Time
45–60 sec

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Q · Compound IntetrestPYQ · 45s

The town has a population 1,20,000. It increases at 2.5% per annum. Find the population after 3 years.

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.

A = 120000×(1.025)^3 = 129227.

Final Answer: Option A — ₹129226.87
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Compound Intetrest Question 9 – IB Security Assistant