A Deposit Placed in an Interest-Earning Account Earning 8% a Year

question 28

Multiple Choice

A deposit placed in an interest-earning account earning 8% a year will double in value in ________ years.

• A)6
• B)8
• C)9
• D)72

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Definitions:

Developmental Stage

A phase within a lifecycle marked by distinct physical or physiological changes.

Intrauterine Device

A small, often T-shaped birth control device inserted into the uterus to prevent pregnancy.

Contraceptive Approach

Methods or strategies used to prevent pregnancy as a part of family planning.

Abstinence

The practice of abstaining from indulging in a habit or substance, especially alcohol, drugs, or sexual activity.