In how many years will Rs. 9350 double itself at 5% simple interest per annum?
- A. 22 years
- B. 20 years ✓
- C. 19 years
- D. 23 years
Correct answer
B. 20 years
Explanation
SI needed = 9350. Time = (9350 x 100)/(9350 x 5) = 20 years.
B. 20 years
SI needed = 9350. Time = (9350 x 100)/(9350 x 5) = 20 years.