Pearp deposited 60 into a savings account for which interest is compounded monthly accodring to the rule of 72 what interest rate will cause her money to double in approximately 33 years

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asked Oct 17, 2019 184k views

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Pearp deposited 60 into a savings account for which interest is compounded monthly accodring to the rule of 72 what interest rate will cause her money to double in approximately 33 years

Mathematics
high-school

Sunil Gupta asked

by Sunil Gupta

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According to the rule of 72, that rate will be 72/33 ≈ 2.18 percent.

Paveldroo answered Oct 22, 2019

by Paveldroo

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