In how many years will Rs. 2300 double itself at 6% simple interest per annum?
- A. 15 years
- B. 20 years
- C. 18 years
- D. 17 years ✓
Correct answer
D. 17 years
Explanation
SI needed = 2300. Time = (2300 x 100)/(2300 x 6) = 17 years.
D. 17 years
SI needed = 2300. Time = (2300 x 100)/(2300 x 6) = 17 years.