Answer: C 2.5%
Step-by-step explanation:
The "Rule of 72" is a easy way to calculate how much time an investment will take to double with a given fixed annual rate of interest.
Just we have to divide 72 by the annual rate of return(r), we can get a rough estimate of how many years it will take to double the initial investment .
Now, in given problem: Let 'r' be the rate of interest
Time to double the amount=29 years
Thus by rule 72 ,

Therefore, C is the right option.
Answer:
0.45454545454, also known as 0.45 repeated
Step-by-step explanation:
in simplist form it should be 3x+16
We know that
a1=1
a2=3
a3=9
a2/a1=3/1----> 3
a3/a2=9/3----> 3
<span>common ration r is equal to 3
number of terms n is 12
The </span><span>Sum of geometric series is given by the formula
</span>Sum=a1*[1-r<span>^n]/[1-r]
</span>Sum=1*[1-3^12]/[1-3]-----> Sum=[1-3^12]/[1-3]----> [3^12-1]/[3-1]
<span>Sum=531440/2-----> 265720
the answer is
265720
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