QUESTION $12$

Suppose you place an initial investment in a savings account that offers a $6\mathrm{.}0\%$ annual interest rate. What is the number of years in which your investment will double? $($Hint: Start

with any assumed amount. Answers are rounded to two digits beyond the decimal.$)$

A$.11\mathrm{.}90$

B$.11\mathrm{.}01$

C$.10\mathrm{.}24$

D$.9\mathrm{.}58$

E$.9\mathrm{.}01$

F$.8\mathrm{.}50$

G$.8\mathrm{.}04$

H$.7\mathrm{.}64$