Rita Puts $10,000 into Each of Two Different Assets

question 67

Multiple Choice

Rita puts $10,000 into each of two different assets.The first asset pays 10 percent interest and the second pays 5 percent.According to the rule of 70,what is the approximate difference in the value of the two assets after 14 years?

• A)$12,000
• B)$14,000
• C)$15,500
• D)$20,000

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Definitions:

Levels

Different stages or degrees within a process or structure, often used to describe intensity, concentration, or hierarchy.

Independent Variables

Variables in an experiment that are manipulated to determine their effect on the dependent variable.

Exercise

Physical activities or workouts undertaken to maintain or improve health and fitness.

Depression

A mental health disorder characterized by persistent feelings of sadness, loss, and lack of interest in everyday activities.