Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 year

Question

Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?

Options:

A . Rs.1261

B . Rs.1440

C . Rs.1185

D . Rs.1346

Answer: Option A

A = 8000(21/20)³

= 9261

= 8000

---------

1261

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