the interest on ₹2400at the rate of 6% for 5years is ₹
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Step-by-step explanation:
Principal P=2400Rs
Rate =5% per annum
N= time in year
Simple Interest SI= 100PNR
According to the given condition,
240=
100
(2400×5×N)
N= 2400×5
240×100
on Solving,
N=2 years
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