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

1.	At what rate percent will a sum of money double itself in 12 years?
A.	\(8\frac{1}{4}\%\)
B.	\(8\frac{1}{3}\% \)
C.	\(8\frac{1}{2}\%\)
D.	8%
Answer» C. \(8\frac{1}{2}\%\)

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

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