If a sum of money doubles in 5 years at the rate of 5% per annum inter – McqOptions

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1.	If a sum of money doubles in 5 years at the rate of 5% per annum interest, then at what rate will it become five times in the same time?
A.	13 %
B.	16 %
C.	12 %
D.	20 %
Answer» E.

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