Answer: 42 months
Explanation: Every month you have deposited $55. $2310 divided by $55 would be 42 months.
I say that it is A because I did this did this before
Answer:
What are the options?
Step-by-step explanation:
I dont know of you wanted the graph too so here
everything is in the pictures here, also sorry if I am wrong
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.