In how many years will Rs. 9150 double itself at 8% simple interest per annum?
- A. 12 years ✓
- B. 13 years
- C. 14 years
- D. 10 years
Correct answer
A. 12 years
Explanation
SI needed = 9150. Time = (9150 x 100)/(9150 x 8) = 12 years.
A. 12 years
SI needed = 9150. Time = (9150 x 100)/(9150 x 8) = 12 years.