In how many years will Rs. 7750 double itself at 12% simple interest per annum?
- A. 6 years
- B. 7 years
- C. 8 years ✓
- D. 9 years
Correct answer
C. 8 years
Explanation
SI needed = 7750. Time = (7750 x 100)/(7750 x 12) = 8 years.
C. 8 years
SI needed = 7750. Time = (7750 x 100)/(7750 x 12) = 8 years.