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7 December, 10:07

Assessment timer and count

Assessment items

Item 1

The value of an investment is expected to grow by 5% per year.

How long will it take for the value to double?

about 4 years

about 7 years

about 14 years

about 23 years

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Answers (1)
  1. 7 December, 10:16
    0
    Answer: is 14 years for example if it was 6% it only double in 12 yrs so if 5% is 1% less I just stuck one and the other together and it just makes sense
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