Approximately What Interest Rate Is Needed to Double an Investment

question 112

Multiple Choice

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

• A) 6 percent
• B) 12 percent
• C) 17 percent
• D) 100 percent

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Definitions:

Group Identities

The sense of belonging to a particular group, characterized by shared attributes, interests, or goals among its members.

Individual Merits

The acknowledgment and recognition of a person's achievements, abilities, or qualities based on personal effort and talent.

Common Ingroup Identity

A psychological model suggesting that emphasizing shared identities within diverse groups can reduce intergroup bias and foster a sense of unity and cooperation.

Disidentification

The process through which an individual consciously chooses not to associate themselves with certain groups or ideas.