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:

Critical-Thinking Attitudes

Dispositions or mindsets that foster analytical thinking and reasoned decision making, emphasizing openness, skepticism, and reflective thinking.

Critical Thinking Attitude

The disposition to engage in thoughtful analysis and evaluation of an issue to form a judgment.

Procedure

A set of established steps or actions conducted in a particular order to accomplish a task or solve a problem.

Persuasive Remarks

Statements made to convince or influence someone's opinion or decisions.