Question

You have Rupees 2400 your account and the interest rate is 5% . After how many years would you aren't rupees 240 as interest .

Answer 1

Hope it help you dear.

Answer 2

Answer:

Time (T) = 2 years

Step-by-step explanation:

Principal (P) = Rs 2400 ,

Rate of interest (R) = 5% ,

simple interest (S.I) = Rs 240 ,

Let the Time = T years

$\boxed { T = \frac{ S.I \times 100}{PR}}$

$\implies T = \frac{ 240\times 100}{2400\times 5}$

$\implies T = 2 \: years$

Therefore,

Time (T) = 2 years

•••♪