Question

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 2 B) 3 C) 4 D) 5

Answer 1

Answer:

A)-Part 2.....

hope it is correct.....

Answer 2

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

n = 2years

hope this help u