In how many years will Rs. 5000 double itself at 6% simple interest per annum?
- A. 17 years ✓
- B. 18 years
- C. 15 years
- D. 16 years
Correct answer
A. 17 years
Explanation
SI needed = 5000. Time = (5000 x 100)/(5000 x 6) = 17 years.
A. 17 years
SI needed = 5000. Time = (5000 x 100)/(5000 x 6) = 17 years.