Question

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

Answer 1

S.I. = PRT/100
=> 240 = 2400×5×T/100
or 240/24×5 = T
=> T = 2 years

Answer 2

Answer:

2Years

Step-by-step explanation:

principal=Rs 2400

rate=5%pa

interest =Rs 240

time =(240×100/2400×5)year

=2years