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Jovanmommy_13

  • 3 years ago

Ethan put $150 into a CD that pays 3% interest, compounded monthly. According to the rule of 72, approximately how long will it take for his money to double? A.16 years B.48 years C.12 years D.24 years

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  1. Jovanmommy_13
    • 3 years ago
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    Does anyone know this , h e l p !!

  2. jes282010
    • 3 years ago
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    24

  3. tkhunny
    • 3 years ago
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    Rule of 72 -- 72 / 3 = 24 That's all there is to it. That's the point of the Rule of 72. It's quick and simple.

  4. Directrix
    • 3 years ago
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    The attached chart may be of help. http://tinyurl.com/aoqxafm

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  5. Jovanmommy_13
    • 3 years ago
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    Make your ownquestion about it cause it in my notifications , thanks !

  6. Directrix
    • 3 years ago
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    @sinhvienmoi Click on the attachment link directly above your post. The Rule of 72 statement will pop up.

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