Farou Invests $2,000 at 8% Interest

question 13

Multiple Choice

Farou invests $2,000 at 8% interest. About how long will it take for Farou to double his investment (e.g., to have $4,000) ?

• A) 4 years
• B) 5 years
• C) 8 years
• D) 9 years

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Definitions:

Confidence

The belief in one's own abilities or the assurance in the certainty of something, often considered a key trait for effective leadership.

Optimism

The tendency to maintain a positive outlook and expect favorable outcomes.

Motivational Concepts

Theories and principles that describe what drives individuals to initiate, direct, and persist in actions to achieve personal or organizational goals.

Situational Demands

External pressures, constraints, or requirements that affect an individual's behavior in a particular context or situation.