Question

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?

Answer 1

18 years

Explanation:

Rule of 72

(72)/(interest)=years to double

72/4=18