The compound interest on Rs. 30000 at 7% per annum is Rs. 4347. The period (in years) is = ? Options: A . &nbsp2 years B . &nbsp$${\text{2}}\frac{1}{2}$$ years C . &nbsp3 years D . &nbsp4 years

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

Question

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

Options:

A . 2 years

B . $${\text{2}}\frac{1}{2}$$ years

C . 3 years

D . 4 years

Answer: Option A

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