65.4k views
2 votes
On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%

interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?

User Arku
by
6.9k points

1 Answer

1 vote

Answer:4900

Explanation: it makes sence duh.

User Ali Mokrani
by
6.9k points