You have Rs,2,400 in your account and the interest rate is 5%. After how many years would you earn Rs 240 as interest.
Answer with explanation please
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You have Rs,2,400 in your account and the interest rate is 5%. After how many years would you earn Rs 240 as interest.
Answer with explanation please
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Answer:
Answer is in the attachment.
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Answer:
2yrs
Step-by-step explanation:
principal x rate/100 x time = interest
2400 x 5/100 x t = 240
24x5t = 240
120t=240
t=2