According to the 72 rule
72/rate=time
72÷9.6=7.5 years
Another way to solve by using the main equation
2300=1150(1+0.096/4)^4t
Solve for t
t=((log(2,300÷1,150)÷log(1+(0.096÷4))÷4))=7.31years
Hope it helps :-)
Answer:Titus is going to invest $500. Bank A offers a simple interest rate of 4%, while Bank B offers an interest rate of 3% compounded annually. In the long run, after many years, which bank account will grow the largest?
Step-by-step explanation:
Well,
So he rode
miles, or if they want it as a fraction, it would be
The answer would be 17 remainder 25
