Question

1.You have Rs 2,400 in your account and the interest rate is 5%. After how many years would you earn Rs 240 as interest.

2.On a certain sum the interest paid after 3 years is Rs 450 at 5% rate of interest per annum. Find the sum.

Answer 1

Step-by-step explanation:

1) 2400rs in your account .rate of your interest is 5% then simply 240rs is your 10% then half the 240rs value of 5%is 120rs .so 240rs earn in 2 years

2) answer is 3000 rs is your main amount