Theresa Invested $5,000 in an Account She Expects Will Earn

question 23

Multiple Choice

Theresa invested $5,000 in an account she expects will earn 7% annually.Approximately how many years will it take for the account to double in value?

• A)8
• B)9
• C)10
• D)11
• E)12

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Definitions:

Good Housekeeping

Practices and routines that ensure cleanliness, order, and safety in a living or working environment, often emphasizing the importance of tidiness and maintenance.

Classify Supplies

The process of organizing and categorizing medical or other materials based on their type, use, or other criteria.

Periodic Supplies

Refers to materials or products regularly provided or replenished over specific intervals of time.

Regular Schedule

A consistent and recurrent timetable for activities or events, aiding in time management and routine establishment.