In how many years will Rs. 9950 double itself at 10% simple interest per annum?
- A. 11 years
- B. 10 years ✓
- C. 12 years
- D. 9 years
Correct answer
B. 10 years
Explanation
SI needed = 9950. Time = (9950 x 100)/(9950 x 10) = 10 years.
B. 10 years
SI needed = 9950. Time = (9950 x 100)/(9950 x 10) = 10 years.