How Long Will It Take $700 to Double Itself If

question 26

Multiple Choice

How long will it take $700 to double itself if it is invested at 13% interest compounded semiannually? Please round the answer to the nearest tenth.

• A)5.5 years
• B)8.5 years
• C)6.0 years
• D)4.5 years
• E)6.5 years

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Definitions:

Neurons

The basic building blocks of the nervous system, specialized cells that transmit information via electrical and chemical signals.

Entire Brain

Referring to the whole brain, including all its parts and functions.

Hypothalamus

A region of the brain responsible for regulating various autonomic functions, including temperature control, thirst, hunger, and the release of hormones from the pituitary gland.

Myelogenesis

The process of formation or development of myelin, a protective fatty sheath that surrounds nerve fibers in the brain and spinal cord, enhancing the speed of electrical impulses.