You Deposit $1,000 in a Long-Term Certificate of Deposit with a Fixed

question 54

Multiple Choice

You deposit $1,000 in a long-term certificate of deposit with a fixed interest rate of ? 9%.How many years will it take for you to triple your deposit? Pick the closest ? answer.

• A)11 years
• B)12 years
• C)13 years
• D)14 years

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Definitions:

Breccia

A rock composed of broken fragments of minerals or rock cemented together by a fine-grained matrix.

Rock Characteristics

The inherent properties and features of rock, including texture, mineral content, and permeability among others.

Angular Clasts

Angular clasts are pieces of rock that have sharp edges and points, indicating they have not been traveled far from their source because they have not been significantly worn down by erosion.

Breccia

A type of rock consisting of angular fragments of minerals or rocks cemented together by a finer-grained matrix, often formed by volcanic or tectonic actions.