Bob Has $2,500 Invested in a Bank That Pays 4

question 162

Multiple Choice

Bob has $2,500 invested in a bank that pays 4% annually.How long will it take for his funds to double?

• A)14.39
• B)15.15
• C)15.95
• D)16.79
• E)17.67

---

Definitions:

Farm Programs

Government initiatives designed to provide financial support and stabilization to the agriculture sector through subsidies, price supports, and conservation efforts.

United States

A country located in North America, known for its diverse geography, culture, and economy.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure the free movement of people, goods, services, and capital among its members.

Agricultural Imports

Goods brought into a nation that are produced by the agriculture sector of another country.