Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
A. 4 years
B. 6 years
C. 2 years
D. 3 years
Explanation:
9261 = 8000(21/20)N
(21/20)3 = (21/20)N => N = 3