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20 October, 13:47

Jala put $600 in an interest bearing account with a annual compound interest rate of 5%. Jala determined that after seven years, she will have a total balance of $844.26. Using the rule of 72, t+72/t how many more years will it be before Jala's $600 doubles in value? Round to the nearest tenth.

3.3 years

7.4 years

10.3 years

14.4 years

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Answers (1)
  1. 20 October, 14:07
    0
    72:5=14.4 years

    ...
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