In how many years will 1000 become 2000 at 5% SI?

A10

B15

C20

D25

Explanation

SI = 1000. 1000 = (1000 * 5 * T)/100 => T = 20.

Exam Relevance

Topic: Interest
Subtopic: Simple Interest

Submitted by: mcqstutor Team More Mathematics MCQs →