zayonascott12 zayonascott12
  • 20-03-2018
  • Mathematics
contestada

Denise put $95 into an account that pays 5.2% interest, compounded monthly. According to the rule of 72, approximately how long will it take for her money to double?

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philipscaster83
philipscaster83 philipscaster83
  • 20-03-2018
T=72÷5.2=13.8 or 14 years
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kevinruleearth
kevinruleearth kevinruleearth
  • 24-03-2018
13.8 years. 
72/(.052X100)=13.8

72/ interest rate x 100
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