Approximately What Interest Rate Is Needed to Double an Investment

question 112

Multiple Choice

Approximately what interest rate is needed to double an investment over six years?

• A) 6 percent
• B) 12 percent
• C) 17 percent
• D) 100 percent

---

Definitions:

Descriptive Norm

The perception of what is commonly done in specific situations, often influencing people's behavior in social contexts.

Proscriptive

Pertaining to prohibitions, rules, or norms specifying what individuals should not do in a given context.

Injunctive

Relating to an authoritative rule or order which dictates expected or allowable behaviors.

Focus Theory

A theoretical framework that emphasizes how individuals allocate their attention and resources towards specific goals or tasks.