How Long Will It Take $100 to Reach $500 When

question 87

Multiple Choice

How long will it take $100 to reach $500 when it grows at 10 percent per year?

• A) 7.20 years
• B) 16.89 years
• C) 17.46 years
• D) 40.00 years

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Definitions:

Concise

Communicating in a clear and brief manner, without unnecessary detail or verbosity.

Organizational Patterns

The structures used to arrange or classify information, ideas, or items in writing or speeches, such as chronological or cause-and-effect.

Conforms

To act in accordance or harmony with established rules, standards, or patterns.

Efficient

Being effective without wasting time, effort, or resources.