In how many years will Rs. 5650 double itself at 5% simple interest per annum?
- A. 20 years ✓
- B. 22 years
- C. 24 years
- D. 17 years
Correct answer
A. 20 years
Explanation
SI needed = 5650. Time = (5650 x 100)/(5650 x 5) = 20 years.
A. 20 years
SI needed = 5650. Time = (5650 x 100)/(5650 x 5) = 20 years.