The answer is the letter B
Answer:
73 dollars and 50 cents
Step-by-step explanation:
Initial Deposit:
70
Years to Save:
1
Estimated Rate of Return
5
Compound Frequency:
Annually
Earned Interest
$3.50
Total Balance
$73.50
Hope this helps!
It is basically 8 thousand plus one thousand two hundred so your answer would be 9200
Answer:
-5 divide by 28
Step-by-step explanation:
so the question supposed be " 15-20 divided by 2(4) + 20
15-20 which is also 15 + (-20)= -5
2(4)=8, 8+20=28
so it can simplify into -5 / 28
(hope it helps :)
<span>25.7 years
The rule of 72 is a simple approximation on how long it will take to double your money. You simply divide 72 by the interest rate and you'll have your estimate on the number of years it will take. So
72 / 2.8 = 25.7 years.
To demonstrate that it's just an estimate, you can take the log of 2 and divide by the log of 1.028 to get the exact value. This far more complicated calculation gives the result of 25.1 years. And to be honest, the estimate of 25.7 years is more than close enough for such an quick and easy rule of thumb.</span>
