Question

You have Rs 2,400 in your account and the interest rate is 5%.After how many years would you earn Rs240 as interest

Answer 1

Answer:

Step-by-step explanation:

P = 2400

T = 1 year

R = 5%

I = PTR/100

= 2400×1×5/100

= 120/-

In 1 year we get 120 /-

So that it takes 2 years to get 240/- as interest

Answer 2

YOUR ANSWER IS
240
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