Question

How much time will * 150 take to amount to 159 at 2.4% per month?
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Answer 1

Answer:

3 months or 1/4 years

Step-by-step explanation:

Principal=₹150

Rate=2.4%/month

Now interest for 1 month

=2.4×150/100

=3 Rs.

Now, Intrest to be paid=159-150

=9 Rs.

Now, 3 Rs. Interest is paind in one month

1 Rs. interest in=1/3 Rs. month

9 rs. is paid in 1/3×3

=3 months

or

1/4 years