Question

Find the time ? Looks the picture above

Answer 1

1 year

Explanation:

the interest rate is 4%, so now we find what the interest rate is in one year first.

`(250)/(100)`=
`(?)/(4)`

cross multiply

240 × 4 = 1000

then divide by 100 and you will get 10

and ten is the interest earned in one year.

hope it helps!