The CI on Rs. 30,000 at 7% per year is Rs. 4347. The period is?	Options.
A) 1 year	B) 2 years	C) 3 years	D) 4 years	E) 5 years
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   2 years
<result>B</result>
The CI on Rs. 30,000 at 7% per year is Rs. 4347. The period is?