find in what time a sum of rs.2400 will give an intrest of rs.720 at 20 %per annum.
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Answer:
Answer=1.5 years
Step-by-step explanation:
Principal Amount =Rs 2400
Rate of Interest =20%
Simple Interest =Rs 720
Let time be x
SI=PRT/100
720=P×R×T/100
720=2400×20×x/100
720×100=2400×20×x
72000=2400×20×x
72000÷2400=20×x
30=20×x
30÷20=x
1.5=x
Answer=1.5 years
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