The compound interest on Rs.30000 at 7% per annum for a certain time is Rs.4347. The time is :
Rs.1250
Rs.1260
Rs.1200
2 years
Explanation:
Let the sum be P . Then, 1352= P (1+4100)2(1+4100)2
⇒1352=P×2625×2625⇒1352=P×2625×2625
⇒P=1352×25×2526×26=1250⇒P=1352×25×2526×26=1250
Let the sum be P . Then, 1352= P (1+4100)2(1+4100)2
⇒1352=P×2625×2625⇒1352=P×2625×2625
⇒P=1352×25×2526×26=1250⇒P=1352×25×2526×26=1250