Question

principal = 16000, rate of interest = 5%, simple interest = 2400, Find the time and amount(give full explanation please)​

Answer 1

Answer:

principal=Rs 16000

rate of interest 5%

interest rs2400

Step-by-step explanation:

Interest:p×r×t

100

=16000×5×t

100

time: 100×2400

16000×5

=240000

80000

=3years

amount= p+SI

= 18400