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Using the rule of 72 how many years will it take to double $5,000 earning 4 percent interest
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Using the rule of 72 how many years will it take to double $5,000 earning 4 percent interest

User Jeemusu
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23 votes
23 votes

Answer:

Step-by-step explanation:

it’s 12 %

User Strickland
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9 votes
9 votes

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

i HOPE IT'S HELP

User Caroline Elisa
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