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2014-06-13T16:32:17+05:30

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Amount = 9261 p = 8000 rate = 5% A= p [ 1+ r/100]^n now 9261=8000[1+5/100]^n => 9261/8000=[21/20]^n => [21/20]^3=[21/20]^n on comparing n=3 so it will take 3years
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2014-06-13T16:42:17+05:30
Amount=9261
rate-5%
principal=8000
time= ?
S.I.=9261-8000=1261
time=1261x100/5x8000
=1261/400
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