Preference

Question: In how many years will a sum of money double itself at 12% per annum.

  1. a.
    7 years 6 months
  2. b.
    8 years 6 months
  3. c.
    6 years 9 months
  4. d.
    8 years 4 months
  5. e.
    6 years 5 months
Answer: d
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