The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
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Correct answer: B
Explanation
The correct option is 2.
let A = amount P = principal r = rate of interest n = time
A =
A after n years = 30000 + 4347 = 34347
P = 30000
r = 7%
34347 = 
(1072 = 11449)
n = 2 years