Rs. 1000 is invested at 5% per annum simple interest. If the interest is added t

Question

Rs. 1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs. 2000 after = ?

Options:

A . 15 years

B . 18 years

C . 20 years

D . $$16\frac{2}{3}$$ years

Answer: Option D

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