Approximately What Interest Rate Is Needed to Double an Investment

question 26

Multiple Choice

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

• A) 4 percent
• B) 18 percent
• C) 25 percent
• D) 100 percent

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Definitions:

Procedural Justice

The perception of fairness in the processes that lead to outcomes or decisions.

Policy

A deliberate system of principles to guide decisions and achieve rational outcomes, often within an organizational or governmental context.

Negative Inequity

A feeling that occurs when one perceives they are receiving less than they deserve compared to others.

Work Inputs

The effort, time, and resources invested by employees in their work tasks.