At an Annual Interest Rate of 10 Percent, About How

question 183

Multiple Choice

At an annual interest rate of 10 percent, about how many years will it take $100 to double in value?

• A)5
• B)7
• C)9
• D)11

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Definitions:

ASVAB

Armed Services Vocational Aptitude Battery, a test used to determine qualification for enlistment in the United States armed forces.

Reliability

The degree to which an assessment tool produces stable and consistent results.

ASVAB

The Armed Services Vocational Aptitude Battery, a test used by the U.S. military to determine qualification for enlistment and job placement.

Power Tests

Tests designed to measure the limit of a person's ability or the highest level of skill, knowledge, or capability that an individual can perform without time pressure.