In how many years will Rs. 4000 double itself at 6% simple interest per annum?
- A. 15 years
- B. 21 years
- C. 17 years ✓
- D. 19 years
Correct answer
C. 17 years
Explanation
SI needed = 4000. Time = (4000 x 100)/(4000 x 6) = 17 years.
C. 17 years
SI needed = 4000. Time = (4000 x 100)/(4000 x 6) = 17 years.