By the Rule of 72,what Annual Interest Rate Would Be

question 52

Multiple Choice

By the Rule of 72,what annual interest rate would be required to turn $100 into $200 in approximately six years?

• A)4%
• B)8%
• C)12%
• D)16%

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Definitions:

Criminal Record

A documented history of a person's criminal convictions, which can affect future employment, travel, and citizenship opportunities.

Erving Goffman

A sociologist known for his work on symbolic interactionism and the study of social interactions, especially in the context of everyday life.

Passing

The ability of an individual to be regarded as a member of an identity group or demographic other than their own, often based on appearance.

Criminal Justice System

A collection of social institutions, such as legislatures, police, courts, and prisons, that creates and enforces laws.