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You Have Been Offered an Investment That Promises to Double

question 45

Multiple Choice

You have been offered an investment that promises to double your money every 9 years.Considering the rule of 72,what is your approximate rate of return on the investment?


Definitions:

Division

A mathematical operation represented by the symbol ÷ or /, involving the process of dividing one number by another.

Simplify

The process of reducing an expression to its most basic form by performing calculations and combining like terms.

Expression

A combination of symbols and numbers that, together, represent a value or concept.

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