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Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%? 6 years 9 years 12 …

Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%? 6 years 9 years 12 …
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5 votes
Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual compound interest rate of 6%?

6 years
9 years
12 years
15 years

asked
User Jdknight
by
7.6k points

2 Answers

6 votes

Answer: 12 years I suppose.

answered
User Dodinas
by
8.4k points
4 votes

Answer:

C. 12 years

Explanation:

answered
User Dpetruha
by
8.3k points
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