The compound interest on Tk. 30,000 at 7% per annum is Tk. 4347. The period (in year) is:
Created: 6 years ago |
Updated: 3 years ago
best des
Hints : we know C = P ( 1 + r) n
here, C = 30, 000 + 4347 = 34347 tk
P = 30, 000
r = 7% = 7/100
n = ?
So, 34347 = 30, 000 ( 1 + 7/100)n
34347/30000 = (107/100)n
1.14 = (1.07)n
(1.07)2 = (1.07)n
n = 2
Md Azizur Rahman
Founder of Satt
Related Question
View More
Created: 6 years ago |
Updated: 2 months ago
Created: 6 years ago |
Updated: 1 week ago
Created: 6 years ago |
Updated: 1 week ago
Created: 6 years ago |
Updated: 2 months ago
Created: 6 years ago |
Updated: 9 months ago
Promotion
Download Our Mobile Apps
