Rakesh deposit 2400 in his bank account which pays interest at the rate of 5 for percentage after how many years would Rakesh earn 240 as interest

Rakesh deposit 2400 in his bank account which pays interest at the rat

1.	Rakesh deposit 2400 in his bank account which pays interest at the rate of 5 for percentage after how many years would Rakesh earn 240 as interest
Answer» -step explanation:Given, Principal P=2400Rs RATE =5% PER annum N= time in year Simple Interest SI= 100 PNR According to the given condition, 240= 100 (2400×5×N) ⇒N= 2400×5 240×100 on Solving, N=2 YEARS

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Rakesh deposit 2400 in his bank account which pays interest at the rate of 5 for percentage after how many years would Rakesh earn 240 as interest ​

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Rakesh deposit 2400 in his bank account which pays interest at the rate of 5 for percentage after how many years would Rakesh earn 240 as interest