Rs.8000 become Rs.8988.80 in a certain interval of time at the rate of 6% per annum of C.I. Find the time?  Choose the most appropriate option:  A) 6 years  B) 8 years  C) 9 years  D) 3 years  E) 2 years
8988.80 = 8000(53/50)N   (53/50)^2 = (53/50)^N   N = 2   At the end of two years what will be the comp.Answer: 2 years
<result>E</result>
Rs.8000 become Rs.8988.80 in a certain interval of time at the rate of 6% per annum of C.I. Find the time?