Arithmeticmedium · Past Paper
If Rs. 8000 amounts to Rs. 9261 in 3 years at CI, find the rate.
A4%
B5%
C6%
D8%
✓ Correct Answer: B — 5%
(21/20)^3 = 9261/8000. So 1 + R/100 = 21/20 => R = 5%.
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