Aptitude - Compound Interest - Discussion
Discussion Forum : Compound Interest - General Questions (Q.No. 5)
5.
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
Answer: Option
Explanation:
Amount = Rs. (30000 + 4347) = Rs. 34347.
Let the time be n years.
| Then, 30000 |  |
1 + | 7 |  |
n | = 34347 |
| 100 |
 |
|
107 | |
n | = | 34347 | = | 11449 | = | |
107 | |
2 |
| 100 | 30000 | 10000 | 100 |
n = 2 years.
Discussion:
46 comments Page 5 of 5.
Subramanyam said:
8 years ago
Thanks, friends. It helped a lot!
Shipra said:
8 years ago
Thanks people. It helped a lot!
Hafsa ali said:
1 decade ago
Why we add 30,000 and 4347?
Anomie said:
7 years ago
How did come 11449?
(1)
Prabakaran said:
1 decade ago
What is 107/100 ?
TEJAS said:
1 decade ago
Why 34347/30000?
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