In how many years will Rs. 2250 double itself at 6% simple interest per annum?
- A. 17 years ✓
- B. 21 years
- C. 14 years
- D. 15 years
Correct answer
A. 17 years
Explanation
SI needed = 2250. Time = (2250 x 100)/(2250 x 6) = 17 years.
A. 17 years
SI needed = 2250. Time = (2250 x 100)/(2250 x 6) = 17 years.