A $1,000 Investment Has Doubled to $2,000 in Seven Years

question 18

Multiple Choice

A $1,000 investment has doubled to $2,000 in seven years. How much longer will it take for the investment to reach $5,000 if it continues to earn the same rate?

• A) 6.16 years
• B) 6.86 years
• C) 7.15 years
• D) 9.25 years

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Definitions:

Successful Communication

The process where information is effectively and efficiently conveyed or received as intended.

Other Cultures

The customs, beliefs, arts, institutions, and all other products of human work and thought characteristic of a community or population other than one's own.

Laws

The system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

Facial Expressions

The movements of the muscles beneath the skin of the face, conveying emotions, reactions, or intentions.