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3 votes
What is compound frequency?

A
Generated interest

B
Interest lost

C
The number of compound periods in one year/the greater the compounding frequency, the more often your interest is calculated and added back to your account.

D
None of the above.

3.
All of the following are the steps to figure out "The Rule of 72" EXCEPT

A
Find the interest rate.

B
72 divided by the interest rate.

C
Roughly how many years it will take your money to double.

D
Add 72 to the interest rate.

2 Answers

4 votes
the answer is b is correct


User IVlad
by
7.5k points
5 votes
i think the answer is B.
User Shreyas Pednekar
by
7.3k points

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