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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asked Jul 10, 2021 225k views

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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

Mathematics
high-school

Mohammed Sameeh asked

by Mohammed Sameeh

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2 Answers

5 votes

Answer:

Step-by-step explanation:

I just got it correct.

Romeozor answered Jul 13, 2021

by Romeozor

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7 votes

Answer:

12 years

Step-by-step explanation:

just took the test

Steven Bell answered Jul 17, 2021

by Steven Bell

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