A friend tells you that her savings account doubled in 6 years. Use the Rule of 72 to estimate what the APR of her account was.

asked Apr 2, 2022 64.6k views

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4 votes

Answer:

Explanation:

Just divide 6 into 72 to find that it will require an interest rate of about 12 percent.

Sherian answered Apr 8, 2022

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