Rakesh deposit 2400 in his bank account which pays interest at the rate of 5 for percentage after how many years would Rakesh earn 240 as interest
Answers
Answered by
13
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
0
Answer:
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