According to the Rule of 70,if a Person's Saving Doubles

question 63

Multiple Choice

According to the rule of 70,if a person's saving doubles in 10 years,what interest rate were they earning?

• A)3.5
• B)7
• C)14
• D)None of the above is correct.

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Definitions:

Qualitative Factors

Non-numerical elements that influence business decisions, like brand reputation or customer satisfaction.

Outsourcing Decision

The choice made by a business to contract out certain tasks or services to external providers rather than performing them internally.

Financial Stability

The state of being able to withstand economic fluctuations and financial pressures without significant distress or risk of failure.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting any accumulated depreciation or amortization.