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In what time will #250 gain #120 at 2%​
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1 vote
In what time will #250 gain #120 at 2%​

User Jamesdillonharvey
by
8.4k points

1 Answer

5 votes

Answer: 24 years

Explanation:

Based on the information given, we've been given,

Principal = #250

Interest = #120

Interest rate = 2%

Time = Unknown

Interest = PRT/100

120 = (250 × 2 × Time)

Cross multiply

120 × 100 = (250 × 2 × T)

12000 = 500T

Time = 12000/500

Time = 24

It will take 24 years.

User Sourabh Bhat
by
7.4k points
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