A sum of Rs 5000 becomes Rs 8000 in 3 years, when invested in a scheme – McqOptions

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1.	A sum of Rs 5000 becomes Rs 8000 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is yearly), then what will be the amount (in Rs) after 3 years?_x005F_x000D_
A.	8640_x005F_x000D_
B.	8260_x005F_x000D_
C.	8880_x005F_x000D_
D.	9220
Answer» B. 8260_x005F_x000D_

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