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28-03-2021
Mathematics

contestada

In what time will Rs 24000 amount to Rs 30000 at 10% p.a.?

Respuesta :

samuelonum1 samuelonum1

02-04-2021

Answer:

2.5 years

Step-by-step explanation:

Given data

Principal= Rs 24000

Final amount A= Rs 30000

Rate r= 10%

The simple interest expression is

A=P(1+rt)

substitute

30000=24000(1+0.1*r)

30000=24000+2400t

30000-24000=2400t

6000=2400t

t= 6000/2400

t=2.5

Hence the time is 2.5 years

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