In how many years will Rs. 9450 double itself at 5% simple interest per annum?
- A. 16 years
- B. 21 years
- C. 17 years
- D. 20 years ✓
Correct answer
D. 20 years
Explanation
SI needed = 9450. Time = (9450 x 100)/(9450 x 5) = 20 years.
D. 20 years
SI needed = 9450. Time = (9450 x 100)/(9450 x 5) = 20 years.