after what time will the sum of rs 2000 become rs 2240at 4%per annum simple interest
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PRINCIPLE = rs 2000
RATE = 4•/• per year
TIME = ?
AMOUNT = rs 2240
INTEREST = amount - principle
= 2240 - 2000
= rs 240
as per the formula
I = PTR/100
T = I100/PR
240 × 100 / 2000 × 4
=
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