Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly? Select the correct option:
A) 1261  B) 8981  C) 2379  D) 2893  E) 2721
1261 = 8000(21/20)3   = 9261   = 8000   ---------   1261   1261nswer: 1261
<result>A</result>
Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?