Rita Puts $10,000 into Each of Two Different Assets

question 67

Multiple Choice

Rita puts $10,000 into each of two different assets.The first asset pays 10 percent interest and the second pays 5 percent.According to the rule of 70,what is the approximate difference in the value of the two assets after 14 years?

• A)$12,000
• B)$14,000
• C)$15,500
• D)$20,000

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Definitions:

Lower-order Need

In Maslow's hierarchy of needs, refers to the basic physiological and safety needs that are fundamental for individual survival and security.

Social Interaction

The process by which people act and react in relation to others in a social context.

McGregor

Refers to Douglas McGregor, a social psychologist best known for proposing two theories of human motivation and management: Theory X and Theory Y.

Existence Need Category

A category in Maslow's hierarchy of needs that includes basic physical requirements such as food, water, and shelter.