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  • compound interest on rupees 30,000 at 7%p.a. is 4347. the period in years?

compound interest on rupees 30,000 at 7%p.a. is 4347. the period in years?

Answers (1)

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

Posted by

Satyajeet Kumar

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