After what length of time will N2400.00 yield an interest of N60.00 at 1\(\frac{1}{2}\)% per annum?

a

2\(\frac{4}{5}\) years

b

1\(\frac{2}{3}\) years

c

1\(\frac{1}{2}\) years

d

1 years

e

\(\frac{3}{5}\) year

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