At what rate present of simple interest will a sum of money double

1.	At what rate present of simple interest will a sum of money double itself in 12 years?
A.	8 1/4%
B.	8 1/3%
C.	8 1/2%
D.	9 1/2%
Answer» C. 8 1/2%

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At what rate present of simple interest will a sum of money double itself in 12 years?

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