Q. How long will it take for Rs. 2400 to amount to Rs. 3000 at 5% simple interest?
✅ Correct Answer: (B)
5 years
Explanation: SI = 3000 − 2400 = 600. T = SI×100/(P×R) = 600×100/(2400×5) = 5.
Explanation by: Mr. Dubey
SI = 3000 − 2400 = 600. T = SI×100/(P×R) = 600×100/(2400×5) = 5.