What is the correct answer?
4
A. 3109
B. 3210
C. 3901
D. 1309
Time = 2 years 4 months = 2(4/12) years = 2(1/3) years. Amount = Rs'. [8000 X (1+(15/100))2 X (1+((1/3)*15)/100)]
=Rs. [8000 * (23/20) * (23/20) * (21/20)]
= Rs. 11109. .
:. C.I. = Rs. (11109 - 8000) = Rs. 3109.