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:

Bride Service

A marital arrangement or practice where a man spends a period of time working for the family of his wife, either before or after the marriage, as a form of dowry or bride price.

Culturally Adaptive

The capacity or ability of individuals or societies to modify and adjust their behavior and practices to fit new or changing cultural environments.

Same-Sex Marriage

The legal or socially recognized marriage between two individuals of the same sex or gender.

Nandi

A term that might refer to a particular group or concept within a culture, requiring context for an accurate definition.