Question: In what time a sum of money double itself at 8% per annum simple interest?\nOptions:\n(A) 33 1/8%\n(B) 33 1/3%\n(C) 83 1/3%\n(D) 33 4/3%\n(E) 12 1/2% Let's think first. Some random reasoning:
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P = (P*8*R)/100\nR = 12 1/2% The final answer: (E).
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