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If a sum of Rs₈,000 amounts to Rs₉,261 in 3 years at compound interest compounded annually, find the rate of interest per annum.
5%
10%
8%
12%
5%
Practice and solve "If a sum of Rs₈,000 amounts to Rs₉,261 in 3 years at compound interest compounded annually, find t..." for RRB JE CBT-1 - Mathematics · The correct answer is Option A: 5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "If a sum of Rs₈,000 amounts to Rs₉,261 in 3 years at compound interest compounded annually, find t..." for RRB JE CBT-1 - Mathematics · The correct answer is Option A: 5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.