Rule of 72 Approximately How Many Years Does It Take

question 122

Multiple Choice

Rule of 72 Approximately how many years does it take to double a $500 investment when interest rates are 4 percent per year?

• A)0.06 years
• B)6 years
• C)6.94 years
• D)18 years

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Definitions:

Clustering Data

The process of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.

Recognizing Cues

The process of identifying signs or signals that indicate a certain condition or situation.

Acute Dehydration

Acute Dehydration is a rapid loss of body fluids, leading to the failure of the body's normal functions, requiring immediate medical attention.

Oriented

Awareness of oneself in relation to time, place, and person, often used in medical contexts.