According to the Rule of 70, If You Earn an Interest

question 47

True/False

According to the rule of 70, if you earn an interest rate of 3.5 percent, your savings will double about every 20 years.

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Definitions:

Short-term Memory

A capacity for holding a small amount of information in an active, readily available state for a short period.

Working Memory

A cognitive system responsible for temporarily holding information available for processing, essential for reasoning and guidance of decision-making and behavior.

Recognition

The cognitive process of identifying and acknowledging something as having been previously seen, heard, known, or experienced.

Recall

The act of retrieving information or events from the past in the absence of an explicit cue.