Question

The compound Interest on 30000 at 7% is 4347 find
the period in years​

Answer 1

Answer:

2 yeats

Step-by-step explanation:

Amount =(30000+4347)=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