At what rate percent per annum will a sum of money double in 16 yea

1.	At what rate percent per annum will a sum of money double in 16 years.
A.	5 Â¼%
B.	6 Â¼%
C.	7 Â¼%
D.	8Â¼%
Answer» C. 7 Â¼%

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At what rate percent per annum will a sum of money double in 16 years.

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