How Long Will It Take to Double Your Savings If

question 39

Multiple Choice

How long will it take to double your savings if you earn 6.4 percent interest, compounded annually?

• A)11.89 years
• B)12.02 years
• C)11.39 years
• D)11.17 years
• E)10.58 years

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Definitions:

Social Support

Assistance or comfort provided by others, such as family, friends, and the community, which contributes to an individual's well-being.

Self-Esteem

A person's personal subjective assessment of their own value based on their emotions.

Physical Appearance

The observable characteristics or features of an individual's body, including shape, size, and complexion.

Sense of Self-Worth

An individual's subjective evaluation of their own value and importance.