In how many years will Rs. 8550 double itself at 4% simple interest per annum?
- A. 28 years
- B. 25 years ✓
- C. 24 years
- D. 30 years
Correct answer
B. 25 years
Explanation
SI needed = 8550. Time = (8550 x 100)/(8550 x 4) = 25 years.
B. 25 years
SI needed = 8550. Time = (8550 x 100)/(8550 x 4) = 25 years.