In how many years will Rs. 5850 double itself at 4% simple interest per annum?
- A. 25 years ✓
- B. 29 years
- C. 21 years
- D. 28 years
Correct answer
A. 25 years
Explanation
SI needed = 5850. Time = (5850 x 100)/(5850 x 4) = 25 years.
A. 25 years
SI needed = 5850. Time = (5850 x 100)/(5850 x 4) = 25 years.