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Q:
A) 2 years | B) 2.5 years |
C) 3 years | D) 4 years |
Answer: A) 2 years
Explanation:
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
n = 2years