According to the Rule of 70,if the Interest Rate Is

question 130

Multiple Choice

According to the rule of 70,if the interest rate is 5 percent,how long will it take for the value of a savings account to double?

• A)about 3.5 years
• B)about 6.3 years
• C)about 12 years
• D)about 14 years

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Definitions:

African Slaves

People from Africa who were forcibly transported to the New World and sold into slavery, primarily to work on plantations.

Bacon's Rebellion

A 1676 uprising in colonial Virginia, led by Nathaniel Bacon, against the colony's government for its failure to protect settlers from Native American raids.

Virginia

A state located in the Southeastern and Mid-Atlantic regions of the United States, known for its significant contributions to the formation of the nation's history and government.

Puritans

A religious group in the 16th and 17th centuries advocating for purification of the Church of England from Roman Catholic practices.