Accountancy, asked by ArchanaPradhan, 1 year ago

determine the time in which a sum of 2400 fetches 120 as simple intrest at 5% p.a.

Answers

Answered by manishgoyal32

5

Answer:

1 year

Explanation:

SI = P×R×T/100

120=2400×5×T/100

120×100=12000×T

T= 12000÷12000

T= 1

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