Approximately How Many Years Does It Take to Double a $600

question 122

Multiple Choice

Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year?

• A) 0.08 year
• B) 8 years
• C) 8.33 years
• D) 12 years

---

Definitions:

Dependency Theory

A social science theory proposing that economic development in a global context is structured by the exploitation and dependency relationships between wealthy, developed countries and poorer, underdeveloped nations.

Foreign Investment

The investment by individuals, businesses, or governments in assets or enterprises within a foreign country to gain a return.

Sociological Theory

A set of ideas that provides an explanation for human society, analyzing the patterns and structures that shape social behavior.

Military Intervention

The act of a country sending its military into another country for the purpose of ending conflict, establishing control, or protecting interests.