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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asked Jan 26, 2018 24.5k views

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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?

Business
high-school

Arthur Zangiev asked

by Arthur Zangiev

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2 Answers

3 votes

Answer:

8 years

Step-by-step explanation:

a pex

Jamily answered Jan 26, 2018

by Jamily

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5 votes

According to the rule of 72 it'll take 8 years

Chirag Ravindra answered Jan 31, 2018

by Chirag Ravindra

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