Arithmeticmedium · Past Paper

The compound interest on Rs 30000 at 7% per annum is Rs 4347. The period (in years) is:

A2
B2.5
C3
D4

✓ Correct Answer: A2

A = 34347. 34347/30000 = 1.1449. (1.07)^2 = 1.1449. So T = 2.

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