Riya invests ₹24000 in an account that pays 3.5% simple interest per
annum. She invests the money for 5 years. At the end of each year, Riya
gives interest to her two sisters Tina and Rina in the ratio of 3 : 7. How much
money does Rina receive in total?
Answers
Answered by
1
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
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Answered by
0
Answer:
Step-by-step explanation:
Solution
verified
Verified by Toppr
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
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