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Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
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Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.

24


8


12


16


18


30

User Dave Kilian
by
5.5k points

1 Answer

5 votes

Answer:

16

Step-by-step explanation:

I think thats right

User Roger Dahl
by
5.3k points
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