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James put $200 into a cd that pays 9% interest compounded quarterly. according to the rule of 72, approximately how long will it take for his money to double?

James put $200 into a cd that pays 9% interest compounded quarterly. according to the rule of 72, approximately how long will it take for his money to double?
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2 votes
James put $200 into a cd that pays 9% interest compounded quarterly. according to the rule of 72, approximately how long will it take for his money to double?

User Arthur Zangiev
by
8.1k points

2 Answers

3 votes

Answer:

8 years

Step-by-step explanation:

a pex

User Jamily
by
8.5k points
5 votes
According to the rule of 72 it'll take 8 years
User Chirag Ravindra
by
8.0k points
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