At 5 Percent Interest, How Long Would It Take to Triple

question 41

Multiple Choice

At 5 percent interest, how long would it take to triple your money?

• A) 26.55 years
• B) 25.64 years
• C) 24.87 years
• D) 22.52 years
• E) 20.01 years

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Definitions:

Thyroid Storm

A life-threatening health condition that is a form of thyrotoxicosis and is characterized by an extreme overproduction of thyroid hormones.

Hyperthyroidism

A condition characterized by the overproduction of thyroid hormones by the thyroid gland, leading to a speeding up of metabolic processes.

Type 1 Diabetes

An autoimmune disease where the pancreas produces little or no insulin, leading to high blood sugar levels.

Addison's Disease

A disorder in which the adrenal glands do not produce sufficient steroid hormones, leading to symptoms such as weight loss, muscle weakness, and low blood pressure.