Question

Ben deposits Rs 3000 In a bank at 7% per annum
Compound interest for a certain time is Rs 4377 The time is

Answer 1

Answer:

2 years

Step-by-step explanation:

Amount = Rs.(30000+4347) = Rs.34347

let the time be n years

Then,30000(1+7/100)^n = 34347

(107/100)^n = 34347/30000 = 11449/10000 = (107/100)^2

Answer 2

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