In how many years will Rs. 7600 double itself at 12% simple interest per annum?
- A. 8 years ✓
- B. 6 years
- C. 10 years
- D. 9 years
Correct answer
A. 8 years
Explanation
SI needed = 7600. Time = (7600 x 100)/(7600 x 12) = 8 years.
A. 8 years
SI needed = 7600. Time = (7600 x 100)/(7600 x 12) = 8 years.