In how many years will Rs. 7700 double itself at 5% simple interest per annum?
- A. 20 years ✓
- B. 17 years
- C. 21 years
- D. 16 years
Correct answer
A. 20 years
Explanation
SI needed = 7700. Time = (7700 x 100)/(7700 x 5) = 20 years.
A. 20 years
SI needed = 7700. Time = (7700 x 100)/(7700 x 5) = 20 years.