Multiple Choice
Xavier puts $7,000 into each of two different assets. The first asset pays 14 percent interest and the second pays 7 percent. According to the rule of 70, what is the approximate difference in the value of the two assets after 10 years?
A) $3,500
B) $7,700
C) $11,900
D) $14,000
Correct Answer:
Verified
Correct Answer:
Verified
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