A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?

A sum of money becomes double of itself in 50 months when invested on

1.	A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?
A.	26%
B.	25%
C.	24%
D.	20%
Answer» D. 20%

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A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?

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