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

---

Definitions:

Disabilities

Conditions that limit an individual's physical, mental, or sensory abilities, affecting their daily life and activities.

Single Family

A term typically referring to a household consisting of one set of parents and their biological or adopted children living in a single dwelling.

Consultant

A professional who provides expert advice in a particular area or specialized field to improve client outcomes.

Role

A set of expectations or functions associated with a particular position or status within a group or society.