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
