7.3k views
5 votes
Sylvia invested $500 in an account compounded annually with an interest rate of 8%. Manuel invested $600 in an account wit

72
a compound interest rate of 7.25%. Using the rule of 72, 7. who will double their money first?
Sylvia will double her money first, in approximately 9 years.
Manuel will double his money first, in approximately 10 years.
Manuel will double his money first, in approximately 9 years.
Sylvia will double her money first, in approximately 10 years.

User Kaniyan
by
8.2k points

2 Answers

3 votes

Answer:

It's A

Explanation:

Took test

User Chris Sattinger
by
8.5k points
5 votes

Answer:

It’s a

Explanation:

Got it right on edg hope this helped

User Anastazy
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories