Question

In how many years an interest of Rs 2400 would be earned on Rs 24000 at the rate of 5% p.a.​

Answer 1

Answer:

Given,

Given, Principal P=2400Rs

Given, Principal P=2400RsRate =5% per annum

Given, Principal P=2400RsRate =5% per annumN= time in year

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI=

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240=

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N)

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N)

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N)

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N=

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100 on Solving,

Given, Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100 on Solving,N=2 years