BANK IDBI JAM Grade "O" Mock Test 2025 (New) Quantitative Aptitude Interest Simple Interest

At what rate of simple interest will a sum of money doubles itself in 12 years?

1
\( 8 \frac{1}{2} \%\)
2
\(9 \frac{1}{2} \% \)
3
\(8 \frac{1}{4} \% \)
4
\(8 \frac{1}{3} \%\)
5
Not Attempted
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