Rs.8000 become Rs.8487.20 in a certain interval of time at the rate of 3% per annum of C.I. Find the time?  Choose the correct choice from the following choices
A) 6 years	B) 8 years	C) 9 years	D) 3 years	E) 2 years
8487.20 = 8000(34/30)N   (34/30)^2 = (34/30)N =&gt; N = 2   At the end of three years what will be the comp.Answer: 2 years
<result>E</result>
Rs.8000 become Rs.8487.20 in a certain interval of time at the rate of 3% per annum of C.I. Find the time?