At an Effective Annual Interest Rate of 20%,how Many Years

question 7

Multiple Choice

At an effective annual interest rate of 20%,how many years will it take a given amount to triple in value? (Round to the closest year.)

• A) 5
• B) 8
• C) 6
• D) 10
• E) 9

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Definitions:

Rhomboideus Major

A muscle in the upper back that helps with the movement of the shoulder blade.

Subclavius

The Subclavius is a small muscle located beneath the clavicle, playing a role in stabilizing the clavicle.

Pectoralis Minor

A thin, triangular muscle located beneath the pectoralis major muscle on the chest, participating in movements of the shoulder girdle.

Extensor Indicis

A muscle in the forearm that extends the index finger at the joints.