Question

183) the compound interest on₹ 30,000 at 7% per annum is ₹4347.Find the period in years.​

Answer 1

Answer:

amount=principal+interest

=30000+4347

amount=34347

amount=P(1+R/100)^N

34347=30000(1+7/100)^N

34347/30000=(107/100)^N

11449/10000=(107/100)^N

(107/100)^2=(107/100)^N

N=2 years

Answer 2

Step-by-step explanation:

write the formula for compound interest,and solve as I have done in the fig.i hope u will understand..