Yuri invests $2,000 in an account with compound interest at 6%. Maria invests $3,500 in an account with compound interest at 4%. Using the rule of 72, T=72/R how many years with it take Yuri and Maria to double their money?
Question
Answer:
b Yuri’s money will double in approximately 12 years, and Maria’s money will double in approximately 18 years.
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general
11 months ago
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