(Advanced Analysis) Tani Invests $100 in a fiNancial Asset Earning

question 270

Multiple Choice

(Advanced analysis) Tani invests $100 in a financial asset earning an annually compounded interest rate of 5 percent. In about how many years will her investment be worth $150?

• A) 5.2
• B) 6.8
• C) 8.3
• D) 10

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Definitions:

Permeable Rocks

Rocks that contain pores or cracks through which fluids such as water can easily pass.

Oil And Gas

Natural hydrocarbon resources extracted from the Earth, used as fuels and in the production of various chemicals and materials.

Hydrocarbon Chains

Molecules composed of hydrogen and carbon atoms arranged in a chain, fundamental to organic chemistry and fossil fuels.

Metamorphic Temperatures

The range of temperatures within the Earth's crust at which rock transforms in structure or mineral composition without melting.