Question

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

Answer 1

Answer:

2 years

Assuming simple interest

Step-by-step explanation:

Interest = P×r×n/100

P priinciple

R rate of interest % per annum

N = number of year

240 = 2400×5*n/100

So n =2

Answer 2

Answer:

Two year

If 2400 @5% per anum

1. 2400*5/100

240 2400*5/100*240