In how many years will Rs. 3250 double itself at 10% simple interest per annum?
- A. 11 years
- B. 10 years ✓
- C. 12 years
- D. 9 years
Correct answer
B. 10 years
Explanation
SI needed = 3250. Time = (3250 x 100)/(3250 x 10) = 10 years.
B. 10 years
SI needed = 3250. Time = (3250 x 100)/(3250 x 10) = 10 years.