In how many years will Rs. 1050 double itself at 6% simple interest per annum?
- A. 13 years
- B. 19 years
- C. 17 years ✓
- D. 21 years
Correct answer
C. 17 years
Explanation
SI needed = 1050. Time = (1050 x 100)/(1050 x 6) = 17 years.
C. 17 years
SI needed = 1050. Time = (1050 x 100)/(1050 x 6) = 17 years.