How Long Does It Take for $5000 to Become $10,000

question 27

Multiple Choice

How long does it take for $5000 to become $10,000 at a simple interest rate of r = 18% using ordinary interest (Banker's Rule) ?

• A)5 years,203 days
• B)5 years,200 days
• C)5 years,175 days
• D)5 years,173 days

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Promotion

The act of raising someone to a higher rank or position, often accompanied by an increase in pay, or an effort to make something more popular or widely known.

Oppose Globalization

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Foreign Aid

Financial, technical, or material assistance provided by one country to another, especially to help support development and address humanitarian needs.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to developed countries.