Question

You have ₹2400 IN your account and the interest rate is 5 %. After how many years would you earn ₹240 as interest.
​

Answer 1

Principal P=2400Rs

Principal P=2400RsRate =5% per annum

Principal P=2400RsRate =5% per annumN= time in year

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI=

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240=

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N)

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N)

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N=

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100 on Solving,

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100 on Solving,N=2 years

Principal P=2400RsRate =5% per annumN= time in yearSimple Interest SI= 100PNR According to the given condition,240= 100(2400×5×N) ⇒N= 2400×5240×100 on Solving,N=2 years