Lucinda put $66 into a cd that pays 5.7% interest. according to the rule of 72, approximately how long will it take for her money to double?

13 years

Step-by-step explanation:

It is given that,

Lucinda put $66 into a CD that pays 5.7% interest. According to the rule of 72,  

The rule of 72  

It is a simplified way to determine, If we invest some amount, how long that investment will take to double,

Formula

Let R be the rate of interest,

The time required to take double the amount = 72/R

Calculate the approximate years

According to the rule of 72, approximately 12.63 ≈ 13 years will it take for her money to double

question: use the following table of a school bus during morning pickups to calculate its average speed between 2.8 km and 4.2 km

answer: 42 km/h

explanation: 1.4/0.033 42.42424 = 42 km/h

question answered by

(jacemorris04)