Jala put $600 in an interest bearing account with a annual compound interest rate of 5%. Jala determined that after seven years,

Question

3 years ago

10

Jala put $600 in an interest bearing account with a annual compound interest rate of 5%. Jala determined that after seven years,

she will have a total balance of $844.26. Using the rule of 72, t = StartFraction 72 Over r EndFraction how many more years will it be before Jala’s $600 doubles in value? Round to the nearest tenth.

Mathematics

2 answers:

natulia [17] · Answer 1 · 2022-02-08T14:03:32+03:00

natulia [17]3 years ago

6 0

Answer:

7.4

Step-by-step explanation:

Inessa [10] · Answer 2 · 2022-02-08T12:58:37+03:00

Inessa [10]3 years ago

4 0

Answer:

7.4 years would be the correct answer