Using the Rule of 72,approximately How Long Will It Take

question 90

Multiple Choice

Using the Rule of 72,approximately how long will it take to double your money if you invest it at 8% compounded annually?

• A)6 months
• B)9 months
• C)6 years
• D)9 years
• E)It depends on the amount of the initial investment.

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Definitions:

Stewardesses

Historically refers to women who attend to passengers on an aircraft; now commonly known as flight attendants.

Role Strain

Role strain occurs when incompatible role demands are placed on a person in a single status.

Contradictory Roles

Situations where individuals are required to fulfill multiple roles that have conflicting expectations, leading to role strain or conflict.

George Orwell

A British writer and journalist, famous for his novels "1984" and "Animal Farm," which critique totalitarian regimes.