How Long Does It Take Your Money to Double at an Annual

question 20

Multiple Choice

How long does it take your money to double at an annual return of 10%?

• A) 10 years
• B) 17 years
• C) 3.5 years
• D) 7 years

---

Definitions:

Ability, Willingness, Confidence

The trio of having the skills, desire, and self-assurance necessary for achieving a particular goal or task.

Hersey-Blanchard Situational Leadership

A leadership theory suggesting the need for leaders to adapt their leadership style based on the developmental level of the individuals they are leading.

Leadership Styles

Various approaches to leadership that dictate how leaders interact with their teams, make decisions, and guide their followers toward goals.

Readiness Of The Followers

The extent to which followers have the ability and willingness to accomplish a specific task.