How Long Will It Take $100 to Reach $500 When

question 87

Multiple Choice

How long will it take $100 to reach $500 when it grows at 10 percent per year?

• A) 7.20 years
• B) 16.89 years
• C) 17.46 years
• D) 40.00 years

---

Definitions:

ERG Theory

ERG Theory is a motivational theory developed by Clayton P. Alderfer that categorizes human needs into three basic levels: Existence, Relatedness, and Growth, suggesting that these needs can be pursued simultaneously.

Alderfer

A psychologist known for developing the ERG (Existence, Relatedness, and Growth) theory as an extension of Maslow's hierarchy of needs.

Psychological Growth

The development of an individual’s emotional and cognitive capabilities and their capacity for adaptive behavior and understanding.

Interpersonal Relationships

The connections and interactions between two or more people, which can affect both personal and professional contexts significantly.