Question

Try these question number 1

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Answer 1

Answer:

$\boxed{\text{It will take 2 years to get an interest of Rs. 240.}}$

Step-by-step explanation:

$\text{Given:}\\\\\text{P = Rs. 2400}\\\text{R = 5 percent p.a}\\\text{Required Interest = Rs. 240}\\\\\boxed{I = \frac{PRT}{100}}\\\\\text{Therefore,}\\\\240 = \frac{2400 \text{ x } 5 \text{ x } T}{100}\\\\\frac{240}{24} = 5T\\\\T = \frac{10}{5}\\\\\boxed{\text{Answer: 2 years}}$

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Answer 2

Step-by-step explanation:

Interest = P ×R×T/100

240 = 2400 ×5×T/100

240 / 24 × 5 = T

T = 2 YEARS

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