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Try these question number 1I want full explanation Don’t use google Best answer will be marked as brainliest

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Answer:

\boxed{\text{It will take 2 years to get an interest of Rs. 240.}}

Step-by-step EXPLANATION:

\text{Given:}\\\\\text{P = Rs. 2400}\\\text{R = 5 percent p.a}\\\text{Required Interest = Rs. 240}\\\\\boxed{I = \frac{PRT}{100}}\\\\\text{Therefore,}\\\\240 = \frac{2400 \text{ x } 5 \text{ x } T}{100}\\\\\frac{240}{24} = 5T\\\\T = \frac{10}{5}\\\\\boxed{\text{Answer: 2 years}}

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