If Money Triples in 6 Years,what Rate of Interest,j₂,is Being

question 14

Multiple Choice

If money triples in 6 years,what rate of interest,j₂,is being earned?

• A)9.6%
• B)10.0%
• C)19.2%
• D)20.1%

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Definitions:

Filtering Of Information

The process of selectively focusing on certain details or aspects of information while disregarding others.

Text Message

A short digital message sent over mobile networks to another mobile device, usually containing text but can include multimedia.

Communication Barrier

Any obstacle that impedes the conveyance or understanding of information between individuals or groups.

Mirroring

Form of nonverbal communication to overcome communication barriers by subtly imitating another; used to improve rapport with another person.