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Q:

If an amount doubles automatically in 8 years, then what is the interest rate?

  • 1
    $$ {12{1\over 2}}\%$$
  • 2
    $$ {15{1\over 2}}\%$$
  • 3
    5 %
  • 4
    $$ {5{1\over 2}}\%$$
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Answer : 1. "$$ {12{1\over 2}}\%$$"

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