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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/r how many more years will it be before Jala’s $600 doubles in value? Round to the nearest tenth.

1 Answer

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Answer:

14.4 years

Explanation:

72 divided by 5

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