How Long Will It Take an Investment to Triple If

question 8

Multiple Choice

How long will it take an investment to triple if it is continuously compounded at 15% per year ?
Select the correct answer rounded to the nearest year.

• A)15 years
• B) 13 years
• C) 8 years
• D) 4 years
• E) 7 years

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Definitions:

Social Structure

A pattern of organized relationships among groups of people within a society that shapes behaviors and interactions.

Gender Role Socialization

Gender Role Socialization is the process by which individuals learn and adopt the behaviors, values, and norms associated with their gender, as prescribed by societal expectations and cultural norms.

Patriarchy

A system of society where males predominantly possess the key power, steering political governance, ethical leadership, societal advantages, and ownership of assets.

Means of Production

Refers to the facilities, resources, and tools used to produce goods and services, which in Marxist theory are owned by the capitalist class.