In how many years, will the sum of 2400 yield an interest of 240 at rate 5% p.a.?
Answers
Answered by
6
Step-by-step explanation:
Given,
Principal P=2400Rs
Rate =5% per annum
N= time in year
Simple Interest SI=
100
PNR
According to the given condition,
240=
100
(2400×5×N)
⇒N=
2400×5
240×100
on Solving,
N=2 years
Answered by
4
Answer:
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