How Many Years Will It Take $200 to Grow to $250

question 107

Multiple Choice

How many years will it take $200 to grow to $250 with an annual interest rate of 4 percent?

• A) 1.24 years
• B) 5.69 years
• C) 6.25 years
• D) 18.00 years

---

Definitions:

Concedes

The act of acknowledging or yielding to another's point, request, or judgment, often after a period of resistance or dispute.

Compromising

A conflict resolution strategy where each party gives up something to reach a mutually acceptable solution.

Satisfied

The state of being content or fulfilled with a situation, outcome, or transaction.

Accommodation

An adaptation or adjustment made to suit a new condition or environment; in social relations, the process of adapting or adjusting one's behavior to reduce conflict.