In how many years will Rs. 5200 double itself at 5% simple interest per annum?
- A. 16 years
- B. 17 years
- C. 20 years ✓
- D. 24 years
Correct answer
C. 20 years
Explanation
SI needed = 5200. Time = (5200 x 100)/(5200 x 5) = 20 years.
C. 20 years
SI needed = 5200. Time = (5200 x 100)/(5200 x 5) = 20 years.