Question

A man deposited a sum of Rs 2400 in a bank at the rate of 5 % per annum for 4years.

How much interest would he get at the end of 4 years?


Do full process

Answer 1

Answer:

$simple \: interest= \frac{ptr}{100}$

p=2400

r=5

t=4

Step-by-step explanation:

$interest = \frac{2400 \times 4 \times 5}{100}$

$interest = 24 \times 4 \times 5$

$interest = 480$