74.5
you have to switch the numbers for it to be a proper division problem
Hope this helps!
Answer:
13 years
Step-by-step explanation:
It is given that,
Lucinda put $66 into a CD that pays 5.7% interest. According to the rule of 72,
<u>The rule of 72 </u>
It is a simplified way to determine, If we invest some amount, how long that investment will take to double,
<u>Formula
</u>
Let R be the rate of interest,
The time required to take double the amount = 72/R
<u>Calculate the approximate years</u>
According to the rule of 72, approximately 12.63 ≈ 13 years will it take for her money to double
Answer:
b
Step-by-step explanation:
6 would be $240.
Take 6,000 and multiply it by 4% which means you need to convert 4% to a decimal.
4% as a decimal is 0.04. 6,000 x 0.04 equals 240.
hope this is correct and sorry but I do not understand how to do 7.
It increased in price by $4,000 in 4 years . That is by $1000 per year.
So in year 7 it will cost 28,000 + 2,000 = $30,000
Answer 7th year.
