The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in

Question

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

Options:

A . 2

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

C . 3

D . 4

Answer: Option A

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