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Thurman put $90 into a CD that pays 4.4% interest. According to the rule of 72, approximately how long will it take for his money to double?

Thurman put $90 into a CD that pays 4.4% interest. According to the rule of 72, approximately how long will it take for his money to double?
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1 vote
Thurman put $90 into a CD that pays 4.4% interest. According to the rule of 72, approximately how long will it take for his money to double?

asked
User Philippe Plantier
by
8.2k points

2 Answers

3 votes

Answer:

16.4 years

Explanation:

answered
User Dwlamb
by
8.2k points
5 votes

Answer:

72 ÷ 4.4 = 16.36 or 16 years and 4 months


answered
User Spiralis
by
7.8k points
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