Question

the price of a bike increases at a rate of 7%p.a due to hike in price of raas materials of raw materials l.in how many years the price of bike will be 34347,if its present value of 30000
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Answer 1

Answer:

Step-by-step explanation:

Rate=7%

Principle=30000

Interest=34347

now,

Time=I*100/P*R

T=34347 * 100/30000 * 7

T=34,34,700/2,10,000

T=16.35 yrs.