Josiah has $750 to put in a savings account at a rate of 3 percent. Using the Rule of 72, calculate the number of years it will take for his $750 to double in value.

Question

asked Apr 4, 2024 47.5k views

1 Answer

Shi XiuFeng · Answer 1 · 2024-04-09T12:16:27+0000

Answer:

24 years

Step-by-step explanation:

Using the Rule of 72, it will take approximately 24 years for Josiah's $750 to double in value at a 3 percent annual interest rate.