Question
A sum of Rs 8,000 is invested at 6% simple interest per
annum. In how many years will the interest amount be Rs 2,400?Solution
SI = (P × R × T)/100 2,400 = (8,000 × 6 × T)/100 2,400 = 480T T = 2,400 / 480 = 5 years Answer: 5 years.
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