How Many Years Will It Take $100 to Grow to $1,000

question 63

Multiple Choice

How many years will it take $100 to grow to $1,000 with an annual interest rate of 8 percent?

• A) 9.00 years
• B) 10.00 years
• C) 29.92 years
• D) 33.35 years

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Definitions:

Life-threatening

Describes a condition or situation that has the potential to cause death if not immediately addressed.

Internal Bleeding

Bleeding that occurs within the body, often invisible from the outside, and can result from injuries, diseases, or conditions like ulcers.

Heatstroke

A severe form of heat illness that happens when the body overheats, typically as a result of prolonged exposure to high temperatures or physical exertion.

Heart Attack

A medical emergency characterized by the interruption of blood flow to the heart, often resulting in damage to heart muscle.