Question

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

Answer 1

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