In how many years will Rs. 1650 double itself at 4% simple interest per annum?
- A. 22 years
- B. 25 years ✓
- C. 23 years
- D. 20 years
Correct answer
B. 25 years
Explanation
SI needed = 1650. Time = (1650 x 100)/(1650 x 4) = 25 years.
B. 25 years
SI needed = 1650. Time = (1650 x 100)/(1650 x 4) = 25 years.