BASEBALLGREAT04 BASEBALLGREAT04

22-04-2020
Mathematics

contestada

Using the rule of 72, how long will it take for the principal to double with an annual compound interest rate of 6%?
A. 6
B. 9
C. 12
D. 15

Respuesta :

iamathing iamathing

22-04-2020

Answer:

C. 12

Step-by-step explanation:

With the rule of 72, you would divide 72 by the periodic interest rate to get the number of years for the principal to double

72 ÷ 6 = 12

Answer Link

Otras preguntas

Read the stanza from “A Narrow Fellow in the Grass.” But never met this Fellow Attended, or alone Without a tighter breathing And Zero at the Bone — How does

A car and a truck are moving in the same direction on the same highway. The truck is moving at 50mph and car is traveling at a constant speed. At 3:00pm,the ca

Which ratios are equivalent to 30:20. 40:30, 10:0, 3:2, 6:2.

Which line is parallel to line R

How do you round 1,534 so there is only one non zero digit

A cell membrane has a double layer of molecules. These molecules are made up of a phosphorus-containing “head” and two long, fatty acid “tails.” Which of the fo

The Articles of Confederation reflected the principle of "limited government" because it

Sapphron is 60 inches tall and weighs 90 pounds. Use the formula below and a calculator to answer the question about her weight. BMI = Weight (in pounds) ÷ [He

Who was crowned emperor of the West in 800 CE

What is a quote from Phenomenal Woman that uses irony?