Jala put $600 in an interest bearing account with a annual compound interest rate of 5%. Jala determined that after seven years,

Question

3 years ago

9

Jala put $600 in an interest bearing account with a annual compound interest rate of 5%. Jala determined that after seven years,

she will have a total balance of $844.26. Using the rule of 72, mc010-1.jpg how many more years will it be before Jala’s $600 doubles in value? Round to the nearest tenth.

Mathematics

2 answers:

makkiz [27] · Answer 1 · 2022-01-18T19:33:22+03:00

makkiz [27]3 years ago

5 0

14 years is the correct anwser

Rufina [12.5K] · Answer 2 · 2022-01-18T18:25:55+03:00

Rufina [12.5K]3 years ago

3 0

14 years. Would be your answer.