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Worldatwork C3E Exam - Topic 7 Question 6 Discussion

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?
A) 9.86 years
B) 10.42 years
C) 13.20 years
D) 27.10 years

Worldatwork C3E Exam - Topic 7 Question 6 Discussion

Actual exam question for Worldatwork's C3E exam
Question #: 6
Topic #: 7
[All C3E Questions]

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?

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Suggested Answer: A

by Lemuel at May 03, 2022, 04:25 PM

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Kirk
10 months ago
I thought it would take longer, but I guess not!
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Beata
10 months ago
Totally agree, A makes the most sense here!
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Jesus
11 months ago
Wait, are we sure about that? Seems too quick!
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Dexter
11 months ago
Definitely going with A, that’s the rule of 72 in action.
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Tresa
11 months ago
It takes about 9.86 years to double at 7.3% growth!
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Luis
11 months ago
I think I remember that it takes longer than 10 years to double at that rate, but I’m not confident. Maybe I should go with C?
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Letha
11 months ago
I feel like I’ve seen a question like this before, but I can’t recall the exact formula. Is it just dividing 72 by the growth rate?
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Valentin
11 months ago
I’m not entirely sure, but I think I practiced a similar question where we had to calculate growth rates. I might go with option A or B.
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Maia
11 months ago
I remember something about the Rule of 72 for estimating how long it takes to double an investment. I think I might need to apply that here.
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Earleen
11 months ago
Okay, I think I've got this. The issue is with the task queue and performance, so the setting we need to check is the one that controls the number of QVB engines available for the Distribution Service. That would be the "Max number of simultaneous QlikView engines for distribution" setting.
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Sheridan
12 months ago
The key here is understanding how the 24-hour delay in associating new user devices with ContactKeys could affect the customer's data and marketing efforts. I think option D provides the most relevant consideration for the customer to be aware of.
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Gwenn
12 months ago
Okay, let me think this through. The key is to identify the common working modes for UPS systems. I'll try to recall what I've learned about that.
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Carylon
12 months ago
Hmm, this is a tricky one. I know the standard deviation has to do with the variability in the data, but I'm not sure if it's the sum, product, or square root of the differences. I'll have to review my notes to make sure I understand this concept.
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