5
advanced-mathA new cryptocurrency gains value at 15% per week. If it's worth $0.50 now, when will it reach $1.00?
A
Between 4 and 5 weeks
B
7 weeks
C
10 weeks
D
2 weeks
Correct Answer: A
Choice A is the correct answer. Find when value doubles.
- Formula: , solve for .
- Simplify: .
- Test:
- : (below 2)
- : (above 2) ✓
- Answer: Between 4 and 5 weeks.
💡 Strategic Tip: Rule of 72 gives rough estimate: weeks.
Choice B is incorrect because doubling happens sooner. Choice C is incorrect because growth is much faster. Choice D is incorrect because.