Question

6. Rohit deposited Rs30,000 at compound interest 7% per annum and got Rs34,347 at the end. Find the time period of investment. ​

Answer 1

Step-by-step explanation:

Amount=34,347

A=P((1+R/100))

34347=30000(1+7/100)*n

By solving this problem your answer come

Answer 2

Step-by-step explanation:

Principal=30,000

Rate=7p.c.p.a

Time=x years

Amount=34347

Simple interest=34,347-30,000

=43477

Simple Interest=PxRxN/100

4347. =30000*7*x/100

4347*100/30000*7=x

answer will be years