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2 November, 12:07

Lars deposited $50 into a savings account for which interest is compounded quarterly. According to the rule of 72, what interest rate will cause his money to double in approximately 29 years?

A 0.6%

B 1.7%

C 2.5%

D 0.4%

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Answers (2)
  1. 2 November, 15:14
    0
    The correct answer is 2.5%.
  2. 2 November, 15:34
    0
    The answer is B 1.7%
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