The Value of an Investment Doubles Every 32 Months

question 315

Multiple Choice

The value of an investment doubles every 32 months. If the investment starts with $3700 how much money is in the investment after 3 months (rounded to the nearest hundredth) ?

• A) $3700.00
• B) $3781.02
• C) $7400.00
• D) $3948.42
• E) $4661.71

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Definitions:

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Contempt

An intense feeling of disdain or scorn for someone or something considered to be inferior or worthless.

Paranoid

A mental state or trait characterized by excessive suspicion and distrust of others without sufficient basis.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification system for mental disorders published by the American Psychiatric Association.