Question

you have rs 2400 in your account nd he intrest rate is 5 persent after all how many years you have earn 240 rs

Answer 1

t =2 years

Explanation:

P = 2400

Rate of interest = r = 5 %

I = Interest = 240

Prt = I

`(2400*5*t)/(100)=240\\\\\\24*5*t=240\\\\t= (240)/(24*5)\\\\`

t = 2 years