How Long Will It Take $200 to Triple Itself If

question 36

Multiple Choice

How long will it take $200 to triple itself if it is invested at 8% interest compounded continuously? Please round the answer to the nearest tenth.

• A) 12.7 years
• B) 14.2 years
• C) 16.7 years
• D) 14.7 years
• E) 13.7 years

Understand the significance of team building in organizational development efforts.

Identify the factors influencing the success and outcomes of organizational change initiatives.

Understand the concept and application of reengineering in organizations.

Recognize the principles and impact of TQM (Total Quality Management).

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Definitions:

Intrinsic Motivation

A desire to perform an activity because of the value or pleasure associated with that activity, rather than for an apparent external goal or purpose.

Drive

An internal motivational state that compels organisms to act or behave in specific ways to satisfy needs.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Habit

A routine behavior that is repeated regularly and tends to occur subconsciously.