In how many years will Rs. 5500 double itself at 10% simple interest per annum?
- A. 12 years
- B. 8 years
- C. 10 years ✓
- D. 9 years
Correct answer
C. 10 years
Explanation
SI needed = 5500. Time = (5500 x 100)/(5500 x 10) = 10 years.
C. 10 years
SI needed = 5500. Time = (5500 x 100)/(5500 x 10) = 10 years.