How Many Years Will It Take $200 to Grow to $250

question 107

Multiple Choice

How many years will it take $200 to grow to $250 with an annual interest rate of 4 percent?

• A) 1.24 years
• B) 5.69 years
• C) 6.25 years
• D) 18.00 years

---

Definitions:

Middle School

An educational stage which typically includes grades 6-8, bridging primary education and high school.

Carnegie Foundation

An influential private foundation focused on the advancement of teaching and education.

Reducing Bias

Refers to methods or practices aimed at minimizing prejudices and stereotypes in various contexts, such as research, workplace, or social interactions.

Cultural Understanding

The ability to appreciate and interpret the beliefs, values, behaviors, and artifacts of different cultures.