In how many years will Rs. 2250 double itself at 8% simple interest per annum?
- A. 11 years
- B. 14 years
- C. 12 years ✓
- D. 13 years
Correct answer
C. 12 years
Explanation
SI needed = 2250. Time = (2250 x 100)/(2250 x 8) = 12 years.
C. 12 years
SI needed = 2250. Time = (2250 x 100)/(2250 x 8) = 12 years.