The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?	Choose the correct choice from the following choices.
A) 2	B) 4	C) 5	D) 6	E) 8
Amount = (30000 + 4347) = Rs. 34347   Let the time be n years. Then,   30000(1 + 7/100)n = 34347   = (107/100)n = 34347/30000 = (107/100)2   n = 2 years.   2nswer: 2
<result>A</result>
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?