Serena A.

asked • 07/01/21

MACROECONOMICS QUESTION

Rita puts $10000 into two different assets. The first pays $10, and the second hand

pays 5%. According to the rule of 70, what is the approximate difference in the value

of the two assets after 14 years?

a. $12000

b. $14000

c. $17000

d. $20000

CORRECT ANSWER IS D, SHOW PROCESS PLEASE

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