Using the Rule of 72,if It Will Take Approximately 12

question 82

Multiple Choice

Using the Rule of 72,if it will take approximately 12 years for your money to double,at what annually compounded interest rate is it invested?

• A)6%
• B)8%
• C)9%
• D)12%

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Definitions:

Scientific Methods

A systematic approach for conducting research, which involves observation, hypothesis formation, experimentation, and conclusion to establish empirical findings.

Ideal Self

A person's conception of how they would like to be or think they should be, often serving as a motivational guide for personal growth and development.

Actual Self

Represents an individual's perception of their own attributes and traits, reflecting who they currently are.

Defense Mechanisms

Unconscious psychological strategies brought into play by various entities to cope with reality and to maintain self-image.