Question

in how many years will a sum of rupees 2,000 invested at a rate of 6 % per annum amount to rupees 2240​

Answer 1

Answer:

Step-by-step explanation:

The answer would be 2 years

Because, interest=PTR/100

Now, 2000*T*6/10=2240-2000

T=240*100/6*2000

T=2 years

So the time period needed to get a interest of rupees 240 at 6 percent interest rate is 2 years