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Q: Find the compound interest and the amount on Rs 8000 at 5% pa. for 3 years when interest is reckoned yearly
A. Rs 1261, Rs 9261 B. Rs 1621, Rs 9621
C. Rs 1200, Rs 1800 D. Rs 925, Rs 1025

Answer and Explanation

Answer:Rs 1261, Rs 9261

Explanation:
Amount = 8000 (1 + 5/100)3 = Rs 9261
Interest = Rs ( 9261 - 8000) = Rs 1261

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