In how many years will Rs. 3700 double itself at 10% simple interest per annum?
- A. 8 years
- B. 12 years
- C. 11 years
- D. 10 years ✓
Correct answer
D. 10 years
Explanation
SI needed = 3700. Time = (3700 x 100)/(3700 x 10) = 10 years.
D. 10 years
SI needed = 3700. Time = (3700 x 100)/(3700 x 10) = 10 years.