In how many years will Rs. 8600 double itself at 6% simple interest per annum?
- A. 21 years
- B. 20 years
- C. 16 years
- D. 17 years ✓
Correct answer
D. 17 years
Explanation
SI needed = 8600. Time = (8600 x 100)/(8600 x 6) = 17 years.
D. 17 years
SI needed = 8600. Time = (8600 x 100)/(8600 x 6) = 17 years.