Q: If an amount doubles automatically in 8 years, then what is the int – McqOptions

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1.	Q: If an amount doubles automatically in 8 years, then what is the interest rate?
A.	$$ {12{1\over 2}}\%$$
B.	$$ {15{1\over 2}}\%$$
C.	0.05
D.	$$ {5{1\over 2}}\%$$
Answer» B. $$ {15{1\over 2}}\%$$

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