Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annu

Question

Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?

Options:

A . 4 years

B . 6 years

C . 2 years

D . 3 years

Answer: Option D

9261 = 8000(21/20)^N

(21/20)³ = (21/20)^N =>
N = 3

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