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Pablo deposited $57 into a savings account for which interest is compounded quarterly. according to the rule of 72, what interest rate will cause his money to double in approxim…
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Pablo deposited $57 into a savings account for which interest is compounded quarterly. according to the rule of 72, what interest rate will cause his money to double in approxim…
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Jul 25, 2018
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Pablo deposited $57 into a savings account for which interest is compounded quarterly. according to the rule of 72, what interest rate will cause his money to double in approximately 44 years?
Mathematics
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Zbr
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Hi there
The rule of 72 is
72/time=rate
72÷44=1.6%
Hope it helps
Radovan Skendzic
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Aug 1, 2018
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Radovan Skendzic
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