How Long Will It Take $3,000 to Reach $5,000 When

question 124

Multiple Choice

How long will it take $3,000 to reach $5,000 when it grows at 7 percent per year?

• A) 7.00 years
• B) 7.55 years
• C) 9.52 years
• D) 10.29 years

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Definitions:

Fungal Infection

A condition caused by the growth of fungus in or on the body, often leading to various symptoms like itching or rash.

Sucking Tubercle

A small, rounded projection on the lips of an infant, developed from frequent sucking.

Teething

The process by which an infant's teeth sequentially appear by emerging through the gums.

Herpes Simplex I

A type of virus that primarily causes oral herpes, which includes symptoms like cold sores or fever blisters around the mouth and face.