The amount of principal Rs.8000 at compound interest at the ratio of 5% p.a. for 3 years is
Choices:
A) Rs.9621  B) Rs.6921  C) Rs.9261  D) Rs.6261  E) Rs.6361
c.i=p(1+r/100)^n   =8000(1+5/100)^3   =8000(21/20*21/20*21/20)   =Rs9261   ANSWER:Rs.9261
<result>C</result>
The amount of principal Rs.8000 at compound interest at the ratio of 5% p.a. for 3 years is