A Bank Is Offering a New Savings Account That Pays

question 10

Multiple Choice

A bank is offering a new savings account that pays 8% per year.Which formula below shows the calculation for determining how long it will take a $100 investment to double?

• A) n =
• B) n = 1.08ln(2)
• C) n = 2ln(1.08)
• D) n =

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Definitions:

Secure

A term describing measures taken to protect information, data, and communications from unauthorized access, theft, or damage.

Hacker

An individual who uses their technical skills to gain unauthorized access to systems or networks, often for malicious purposes.

Network Illegally

Unauthorized access or use of a computer network without permission.

Active Memory

Also known as RAM (Random Access Memory), it is the part of a computer that is used by the operating system, software, and currently active processes for storing data temporarily.