In how many years will Rs. 7950 double itself at 4% simple interest per annum?
- A. 21 years
- B. 23 years
- C. 25 years ✓
- D. 27 years
Correct answer
C. 25 years
Explanation
SI needed = 7950. Time = (7950 x 100)/(7950 x 4) = 25 years.
C. 25 years
SI needed = 7950. Time = (7950 x 100)/(7950 x 4) = 25 years.