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Dennis put $59 into a CD that pays 2.1% interest. According to the Rule of 72, approximately how long will it take for his money to double? O O A. 281.0 years B. 34.3 years O c.…
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Dennis put $59 into a CD that pays 2.1% interest. According to the Rule of 72, approximately how long will it take for his money to double? O O A. 281.0 years B. 34.3 years O c.…
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Aug 27, 2020
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Dennis put $59 into a CD that pays 2.1% interest. According to the Rule of 72,
approximately how long will it take for his money to double?
O
O
A. 281.0 years
B. 34.3 years
O
c. 28.1 years
O
D. 342.9 years
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Mathematics
middle-school
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rule of 72 is (72/interest%), so we do
(72/2.1%)=34.3
the answer is B
J Hunt
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Sep 1, 2020
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J Hunt
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