In how many years will Rs. 4850 double itself at 6% simple interest per annum?
- A. 17 years ✓
- B. 14 years
- C. 19 years
- D. 16 years
Correct answer
A. 17 years
Explanation
SI needed = 4850. Time = (4850 x 100)/(4850 x 6) = 17 years.
A. 17 years
SI needed = 4850. Time = (4850 x 100)/(4850 x 6) = 17 years.