Question

kavita has deposited rs 2400 in her account at the interest rate 5% In how many years will she get an interest of 240​

Answer 1

Answer:

two if it is simple intrest

Answer 2

Given,

Kavitha has deposited $2400$ rupees in her account at the interest rate $5$%

We have to find how many years will she get an interest of $240$.

Formula,

Simple interest $=\frac{PTR}{100}$

Here, P= principal amount, R = rate and T = time

From the given data,

$P=2400$, $R=5$%, simple interest $=240$

Substitute given values in formula, we get

$240=\frac{2400\times5\times T}{100}$

$T=\frac{240\times100}{5\times2400}$

$T= 2$

Therefore, the answer is $2$ years.