If 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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If 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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Answer: 2 yearsStep-by-step explanation:
Principal = 2400 RS
5% of 2400 RS = 120.
10% = 240 RS.
In one year you get 5% interest.
Therefore, you get 240 RS in two years.
Hope it helps :)
Answer:
2 years
Step-by-step explanation:
P=2400
R=5%
RS. 240 = 10% of 2400
so, 10/5 = 2 years