A sum of money becomes double itself in 8 years at simple interest. How many times will it become 12 years at the same rate?	Choose the correct choice from the following answers:
A) 1
B) 2
C) 3
D) 4
E) 5
P ---- 2P ---- 8 years
3P ---- 12 years Answer: 3
<result>C</result>
A sum of money becomes double itself in 8 years at simple interest. How many times will it become 12 years at the same rate?