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Use the Rule of 72 to calculate how long it will take for your money to double if its earning 6% in interest. a. 12yrs b. 16yrs c. 36yrs d. 72yrs

Use the Rule of 72 to calculate how long it will take for your money to double if its earning 6% in interest. a. 12yrs b. 16yrs c. 36yrs d. 72yrs
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Use the Rule of 72 to calculate how long it will take for your money to double if its earning 6% in interest.

a. 12yrs
b. 16yrs
c. 36yrs
d. 72yrs

asked
User Najm
by
7.9k points

1 Answer

5 votes
I believe it would be c. 36 yrs
answered
User Andreas Zita
by
9.0k points
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