If the Interest Rate Is R Percent,then the Rule of 70

question 34

Multiple Choice

If the interest rate is r percent,then the rule of 70 says that your savings will double about every

• A)70/(1 - r)years.
• B)70/(1 + r)years.
• C)70/r years.
• D)70(1 + r)/r years.

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Definitions:

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience, shared among beings of the same species.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his concepts of archetypes and the collective unconscious.

Psychodynamic Theorist

An individual specializing in psychodynamics, focusing on conscious and unconscious processes as they influence human behavior.

Life Events

Significant occurrences in a person's life which can have a strong impact on the individual's mental and emotional state.