Approximately What Interest Rate Is Needed to Double an Investment

question 26

Multiple Choice

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

• A) 4 percent
• B) 18 percent
• C) 25 percent
• D) 100 percent

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Definitions:

Limit Catches

Restrictions set on the amount or number of a particular fish or other species that can be legally caught and kept.

Least Costly

Referring to the method or option that incurs the lowest possible expense or expenditure while achieving the desired outcome or objective.

Total Allowable Catch

Refers to the maximum quantity of a particular fish species that can be caught over a specified period, used in fisheries management to sustain fish populations.

Economic Efficiency

Economic efficiency occurs when a system is able to maximize output with given resources and technology, minimizing waste and inefficiencies.