Register

Desiree put $175 into a CD that pays 6% interest compounded semiannually. According to the rule of 72, approximately how long will it take for her money to double?A. 16 years B.…

Desiree put $175 into a CD that pays 6% interest compounded semiannually. According to the rule of 72, approximately how long will it take for her money to double?A. 16 years B.…
142k views
5 votes
Desiree put $175 into a CD that pays 6% interest compounded semiannually. According to the rule of 72, approximately how long will it take for her money to double?A. 16 years

B. 12 years
C. 8 years
D. 18 years

User Galaxywatcher
by
8.4k points

2 Answers

2 votes

Answer:

12 years - APEX

Explanation:


User Subin Mathew
by
8.3k points
6 votes
12 yrs is the answer it will take to double her money

72/6=12
User Dracstaxi
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!