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1. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
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By: guest on 01 Jun 2017 05.46 pm
Amount = Rs. (30000 + 4347) = Rs. 34347. Let the time be n years. Then, 30000 1 + 7 n = 34347 100 107 n = 34347 = 11449 = 107 2 100 30000 10000 100 n = 2 years.