MBA CDOE (USOL) Panjab University MBA Entrance Exam with MCQ Answers 2017

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36.

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is :

A: 2 years
B: 2 and 1/2 years
C: 3 years
D: 3 and 1/2 years

The answer is: A