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ExamnutTeacher

Asked: May 29, 20232023-05-29T15:01:51+05:30 2023-05-29T15:01:51+05:30In: Reasoning

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

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

So Answer Is = 2 years

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