At what rate per cent of simple interest will a sum of money double itself in $12$ years?

  • A
    $8 \frac{1}{4} \%$
  • B
    $8 \frac{1}{3} \%$
  • C
    $8 \frac{1}{2} \%$
  • D
    $9 \frac{1}{2} \%$

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