Question

In what time will rs 3000 amount to 34347 at 7 compound interest

Answer 1

Answer:

2 years

Step-by-step explanation:

Amount = 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

n = 2years