D. 3 years<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Answer :\u00a0<\/b>D. 3 years…<\/h3>\n

\n

Explanation :<\/h2>\n<\/div>\n

\n

\n

Amount = 9261 p = 8000
\nrate = 5%
\nA = p [ 1 + r \/ 100]^{n<\/sup>
\n9261 = 8000[1 + 5\/100]n<\/sup>
\n=> 9261 \/ 8000 = [21 \/ 20]n<\/sup>
\n=> [21 \/ 20]3<\/sup>=[21 \/ 20]n<\/sup>
\non comparing n = 3 so it will take 3years<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"}

Answer :\u00a0D. 3 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