The Compound Interest On Rs.30000 At 7% Per Annum Is Rs.4347. The Per – InterviewSolution

1.

The Compound Interest On Rs.30000 At 7% Per Annum Is Rs.4347. The Period Is?

Answer»

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

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.

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