Question

ram has rs 24000in his bank account, the bank pays him interest at the rate of 5% ,after how many years will he earnrs 2400 as d interest

Answer 1

Here is your answer
P=24000
R=5%
SI=2400
T =?
SI=PRT/100
2400 = 24000x5xT/100
T=2400x100/24000x5
T = 2
Time is 2 years

Hope it helps you