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OLga [1]
4 years ago
4

Taylor put $200 into a CD that pays 6% interest, compounded quarterly. According to the rule of 72, approximately how long will

it take for his money to double?
Mathematics
2 answers:
gregori [183]4 years ago
3 0
According to the rule of 72, approximately it will take 3 years for his money to double. The rule of 72 is a formula used for determining the period of time needed to make an investment doubled its value based on its compounding interest rate. The rule of 72 formula is stated<span> as Period of times = 72/compounding interest (Calculation: 72/6= 12 quarter = 3 years).</span>
Doss [256]4 years ago
3 0

Answer:

12 years

Step-by-step explanation:

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Step-by-step explanation:

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svetoff [14.1K]

length is 15mm

key:

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6 0
4 years ago
How do I get the revised bill rate ?
Mashutka [201]

The initial pay rate is $16.00. It is also mentioned that the price is marked up by 78.7%. It means that the prices are increased by 78.7%. Also, there is a profit of 10% too. So, the pay rates after mark up will be

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