Question

what is the compounded amount if the principal of Rs 30000 and interst earned at 7%per annum is Rs 4347​

Answer 1

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Answer 2

Answer:

2 years

Step-by-step explanation:

260Q:

The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

A) 2 years

B) 2.5 years

C) 3 years

D) 4 years

Answer: A) 2 years

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