You Deposit $10,000 in an Account That Doubles in "6

question 78

Multiple Choice

You deposit $10,000 in an account that doubles in "6" years. How many years will it take the account to be reduced to its original value if it loses 10 percent per year?

• A) 6.00 years
• B) 6.58 years
• C) 7.27 years
• D) 10.00 years

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Definitions:

Emotional Intelligence

The ability to understand, manage, and use one’s own emotions in positive ways to communicate effectively, empathize with others, and overcome challenges.

Heredity

The passing on of physical or mental traits genetically from one generation to another.

Emotional Intelligence

The skill to comprehend and control one's own feelings, in addition to identifying and impacting the feelings of other people.