Correct option is B
Let the principal amount be P and the rate of interest be r%.Using the compound interest formula:A=P(1+100r)14Since the amount doubles in 14 years:2P=P(1+100r)14Divide both sides by P:2=(1+100r)14Take the 14th root of both sides:1+100r=21/14Now, calculate 21/14≈1.05=>100r=0.05=>r=5
Correct answer is (b) 5%.