Question

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

How long will it take for the value to double?

A). About 4 years
B). About 7 years
C). About 14 years
D). About 23 years ​

Answer 1

Answer: B) about 7 years

Multiply 5 by 7 and you get 35, it’s the closest number to 50