In how many years will Rs. 4500 double itself at 10% simple interest per annum?
- A. 10 years ✓
- B. 11 years
- C. 8 years
- D. 12 years
Correct answer
A. 10 years
Explanation
SI needed = 4500. Time = (4500 x 100)/(4500 x 10) = 10 years.
A. 10 years
SI needed = 4500. Time = (4500 x 100)/(4500 x 10) = 10 years.