you have Rs 2400 in your account and the interest rate is 5%.After how many years would you earn rs 240 as interest
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S.I. = PRT/100
=> 240 = 2400×5×T/100
or 240/24×5 = T
=> T = 2 years
=> 240 = 2400×5×T/100
or 240/24×5 = T
=> T = 2 years
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