Solve the Problem

question 371

Multiple Choice

Solve the problem. Round your answer to three decimals.
-What annual rate of interest is required to double an investment in 10 years?

• A) 6.931%
• B) 11.612%
• C) 7.177%
• D) 3.589%

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Definitions:

Management Process

The application of planning, organizing, staffing, leading, and controlling to the achievement of objectives.

Illiteracy

The inability to read and write, affecting an individual's ability to participate fully in society and the workforce.

Productivity

A measure of the efficiency of a person, machine, system, or industry in converting inputs into useful outputs.

Operations Manager

An Operations Manager is a professional responsible for overseeing, designing, and controlling the production process and business operations.