WILL SOMEONE PLZ HELP ME!! I'VE ASKED LIKE 5 TIMES NOW!!! Approximately how long will it take you to double your savings of $500 if you open a CD that earns 4% interest, according to the rule of 72?

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asked Oct 28, 2021 194k views

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WILL SOMEONE PLZ HELP ME!! I'VE ASKED LIKE 5 TIMES NOW!!! Approximately how long will it take you to double your savings of $500 if you open a CD that earns 4% interest, according to the rule of 72?

Mathematics
high-school

StichResist asked

by StichResist

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5 votes

Answer:

18 years

Explanation:

Rule of 72

(72)/(interest)=years to double

72/4=18

Sean Chou answered Nov 3, 2021

by Sean Chou

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