How Many Years Does It Take to Double Your Money

question 5

Multiple Choice

How many years does it take to double your money if the continuously-compounded interest rate is 6%?

• A)11.55
• B)12.66
• C)13.77
• D)16.66

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Definitions:

Subcutaneous Emphysema

The presence of air or gas in the subcutaneous layer of the skin, often as a result of injury or surgery, causing swelling and a crackling sensation.

Serous Drainage

Clear, watery fluid that sometimes drains from wounds and is a normal part of the healing process.

Ventricular Fibrillation

A life-threatening heart rhythm that results in a rapid, erratic beat, leading to poor blood circulation.

Cardiorespiratory Monitor

A device used to track the heart rate and breathing rate of a patient, often used in hospitals to monitor patients critically.