The correct option is C 5
For simple interest, the interest earned is determined by the formula: I = PRT
where I=interest, R=rate, T=time, P=principle
The rate where the interest equals the principle in 20 years. i.e., the amount doubles.
So we know, I=P and T=20 years
so we can solve for R
R=I(P)(T)=IP×120=1×120=0.05 per year or 5% per year interest.