Solve the Problem. -You Have Money in an Account at an APR of an APR

question 262

Multiple Choice

Solve the problem.
-You have money in an account at an APR of 5% compounded annually. To the nearest year, how long will it take for your money to triple?

• A)23 years
• B)14 years
• C)32 years
• D)18 years

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Definitions:

Square Seal

The seal in a disc brake caliper that seals each piston in the bore. The seal also acts as a return spring for the piston.

Dust Boot

In a disc brake caliper, an accordion-type seal that protects the outside of the piston and the piston bore from debris. In a drum brake wheel cylinder, two dust boots protect the pistons.

Fixed Caliper

A type of brake caliper that does not move relative to the brake rotor and uses multiple pistons on both sides for clamping action.

Steering Knuckle

A pivotal component in a vehicle's steering system that connects the wheel and tire to the suspension system, allowing for steering movement.