Under a new scheme, a bank offers an interest of 30% per annum compoun – McqOptions

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1.	Under a new scheme, a bank offers an interest of 30% per annum compounded annually. Suraj deposits Rs. 10,000 under this new scheme and at the end of the tenure receives Rs. 28,561. What was the tenure of the scheme that Suraj had chosen?A. 2 yearsB. 3.5 yearsC. 4 yearsD. 4.5 years
A.	C
B.	B
C.	A
D.	D
Answer» B. B

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