At What Rate of Interest (Compounded Annually) Will Money Triple

question 72

Multiple Choice

At what rate of interest (compounded annually) will money triple itself in 15 years?

• A) 7.60%
• B) 8.60%
• C) 9.60%
• D) 10.60%
• E) 11.60%

Understand and calculate the inventory turnover ratio.

Evaluate the average collection period for accounts receivable.

Assess the financial health through acid-test ratio and working capital analysis.

Understand how to calculate and interpret inventory turnover.

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Definitions:

Pollution

The introduction of contaminants into the natural environment that causes adverse change, often resulting from human activity.

Marketplace

A marketplace is a physical or virtual space where buyers and sellers come together to exchange goods, services, or information.

Socially Optimal Quantity

The level of output where the marginal benefit to society of consuming another unit equals the marginal cost of producing it, leading to the most efficient allocation of resources.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction or activity.