In how many years will Rs. 7150 double itself at 4% simple interest per annum?
- A. 19 years
- B. 31 years
- C. 21 years
- D. 25 years ✓
Correct answer
D. 25 years
Explanation
SI needed = 7150. Time = (7150 x 100)/(7150 x 4) = 25 years.
D. 25 years
SI needed = 7150. Time = (7150 x 100)/(7150 x 4) = 25 years.