If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take th

Question

3 years ago

5

e money invested in the CD to double? A. Rule of 69 B. Rule of 72 C. Rule of 12 D. None of the above

2 answers:

vitfil [10] · Answer 1 · 2022-01-29T06:02:46+03:00

8 0

Answer:

69

Step-by-step explanation:

malfutka [58] · Answer 2 · 2022-01-29T04:10:54+03:00

malfutka [58]3 years ago

7 0

For an investment compounded continuously, the rule of 69 gives a better approximation than the rule of 72 (for normal compound interests).