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Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%? 6 years 9 years 12 years 15 years
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Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%? 6 years 9 years 12 years 15 years

User Mohammed Sameeh
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6.6k points

2 Answers

5 votes

Answer:

12

Step-by-step explanation:

I just got it correct.

User Romeozor
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7.1k points
7 votes

Answer:

12 years

Step-by-step explanation:

just took the test

User Steven Bell
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7.5k points
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