How Long Will It Take to Double Your Savings If

question 57

Multiple Choice

How long will it take to double your savings if you earn 7.2 percent interest,compounded annually?

• A)8.89 years
• B)9.02 years
• C)9.34 years
• D)9.97 years
• E)11 years

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Definitions:

Leading Cause

The most significant reason or factor contributing to a specific outcome, often used in the context of health to describe the primary source of morbidity or mortality.

Death

The termination of all life-sustaining biological activities in an organism.

United States

A country located in North America consisting of 50 states and a federal district, known for its significant influence in global affairs, economy, and culture.

Mental Disorder

A broad category of conditions that affect an individual's thinking, feeling, mood, or behavior, often significantly impacting day-to-day functioning.