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

A

8.33%
B

10%
C

12%
D

14%

Explanation:

The rate of interest should be 8.33% for the sum to double in 12 years

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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