Approximately How Many Years Does It Take to Double a $600

question 122

Multiple Choice

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

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

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Definitions:

Nutritional Habits

Patterns or routines of eating that affect an individual's health, often determined by choices and preferences regarding food.

Hormonal Surges

Rapid increases in hormone levels, which can affect mood, growth, metabolism, and sexual function among other bodily processes.

Secondary Sex Characteristics

Physical traits that are not directly involved in reproduction but that indicate sexual maturity, such as a man’s beard and a woman’s breasts.

Calcium

A chemical element essential for various bodily functions, including bone formation, muscle contraction, and blood clotting.