Math, asked by kellywakker52, 4 months ago

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

Answers

Answered by gursharandeep1322

13

Step-by-step explanation:

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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