Ask Question
25 November, 08:36

On January 1, 1990, Emilio deposited $1650 into a savings account paying 6.2% interest compounded monthly. If he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $3300, according to the rule of 72?

+3
Answers (1)
  1. 25 November, 11:44
    0
    1990 + 11 = 2001 this would give you the answer of 2001
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On January 1, 1990, Emilio deposited $1650 into a savings account paying 6.2% interest compounded monthly. If he hasn't made any additional ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers