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Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approximately how many years will he have 4 times the amou…

Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approximately how many years will he have 4 times the amou…
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Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approximately how many years will he have 4 times the amount of money that he has now?

User Ben Pschierl
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1 Answer

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he will have it in 12.7 years
User Mark Gargan
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