Solved IB Security Assistant Question
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Q · Compound IntetrestModerate · 45s
What principal will amount to ₹20,000 in 3 years at 5% p.a. compounded annually?
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 = 20000 / (1.05)^3 = ₹17276.75.
Final Answer: Option A - ₹17276.75