Rule of 72 Approximately How Many Years Does It Take

question 136

Multiple Choice

Rule of 72 Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year?

• A)0.08 years
• B)8 years
• C)8.33 years
• D)12 years

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Definitions:

Organize Nonunion Workers

The process of rallying workers who are not currently represented by a union in order to advocate for their collective rights and interests.

Authorization Cards

Documents signed by employees to indicate their desire for a union to represent them, often used in the process of forming a union.

Recognize Union

The formal acceptance by an employer of a labor union as the representative body for its workforce, typically after a majority vote by the employees.

No-Solicitation Rules

Rules set by employers that limit or prohibit the solicitation (including union solicitation) within the workplace, often to maintain workflow and avoid disruptions.