In how many years will Rs. 7800 double itself at 6% simple interest per annum?
- A. 19 years
- B. 15 years
- C. 17 years ✓
- D. 14 years
Correct answer
C. 17 years
Explanation
SI needed = 7800. Time = (7800 x 100)/(7800 x 6) = 17 years.
C. 17 years
SI needed = 7800. Time = (7800 x 100)/(7800 x 6) = 17 years.