Approximately What Rate Is Needed to Double an Investment Over

question 114

Multiple Choice

Approximately what rate is needed to double an investment over five years?

• A) 8%
• B) 12.2%
• C) 14.4%
• D) 15.8%

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Definitions:

Event

An outcome or set of outcomes for which we want to know the probability.

Favorable Outcome

An outcome included in an event.

Cold Fusion

A hypothetical type of nuclear reaction that would occur at, or near, room temperature, compared to the high temperatures required for traditional nuclear fusion.

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.