Xavier Puts $7,000 into Each of Two Different Assets

question 182

Multiple Choice

Xavier puts $7,000 into each of two different assets. The first asset pays 14 percent interest and the second pays 7 percent. According to the rule of 70, what is the approximate difference in the value of the two assets after 10 years?

• A)$3,500
• B)$7,700
• C)$11,900
• D)$14,000

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Definitions:

Income

The monetary payment received for goods or services, or the earnings from investment over a particular period of time, typically measured on a monthly or annual basis.

Corner Handle

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Resize

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