Approximately How Many Years Does It Take to Double a $600

question 122

Multiple Choice

Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year?

• A) 0.08 year
• B) 8 years
• C) 8.33 years
• D) 12 years

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Definitions:

Planned Change Process

A deliberate effort to improve a current situation by implementing new strategies or procedures.

Representing

The act of serving as an agent or delegate for another person or a group, particularly in legal, political, or advocacy contexts.

Championing

Actively supporting, defending, or advocating for a cause, idea, or policy.

Rights

Legal, social, or ethical principles of freedom or entitlement; the fundamental norms about what is allowed or owed to people.