Rule of 72 Approximately What Interest Rate Is Needed to Double

question 20

Multiple Choice

Rule of 72 Approximately what interest rate is needed to double an investment over 4 years?

• A) 4%
• B) 18%
• C) 25%
• D) 100%

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Definitions:

Creative Response

The act of producing novel and useful ideas or solutions in reaction to a problem or challenge.

Avoiding Style

A conflict management strategy where individuals do not engage or confront the conflict directly in hopes it will resolve itself or diminish over time.

Cooperation

The process where individuals or groups work together towards a common goal or benefit.

Middle Adulthood

A stage of life typically characterized by ages 40 to 65, focusing on personal and professional achievement, health maintenance, and preparation for senior years.