Question

In what time will #250 gain #120 at 2%​

Answer 1

Answer: 24 years

Step-by-step explanation:

Based on the information given, we've been given,

Principal = #250

Interest = #120

Interest rate = 2%

Time = Unknown

Interest = PRT/100

120 = (250 × 2 × Time)

Cross multiply

120 × 100 = (250 × 2 × T)

12000 = 500T

Time = 12000/500

Time = 24

It will take 24 years.