Question

you have ₹ 2,400 in your account and the interest rate is 5 % . After how many years would you earn ₹240 as intrest.

Answer 1

principle = 2400
rate = 5%
simple interest = 240

Now,
time = si×100/p×r
==> 240×100/2400×5
==> 240/24×5
==> 10/5
==> 2
So,the answer is 2 year

Answer 2

Answer:

principle = 2400

rate = 5%

simple interest = 240

Now,

time = si×100/p×r

==> 240×100/2400×5

==> 240/24×5

==> 10/5

==> 2

So,the answer is 2 year