If a Bank Deposit Will Double in Value in 18

question 122

Multiple Choice

If a bank deposit will double in value in 18 years, the rule of 72 implies that the interest rate on the deposit must equal is approximately:

• A)3 percent.
• B)4 percent.
• C)6 percent.
• D)8 percent.

---

Definitions:

Novel Experiences

New and previously unencountered situations or events that can stimulate learning and adaptation.

Younger

Referring to a person or thing with less age or time of existence compared to another.

High Sensation Seekers

Individuals who seek new and intense experiences and sensations, often demonstrating a willingness to take physical, social, and financial risks for the sake of such experiences.

Risky Heterosexual Behavior

Engaging in unprotected sex or multiple sexual partnerships that increase the risk of sexually transmitted infections and unintended pregnancies.