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
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?
O A. 2001
O B. 2003
OC. 2002
O D. 2000

Answer 1

c

Step-by-step explanation:

Answer 2

in 2001 you would have 3,257.69

and in 2002 you would have 3,465.51

Step-by-step explanation: