2 years ago

How does the amount of principal affect the number of years the rule of 72 predicted in the example above?

1 answer:

8 0

Answer:

If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal. If the population of a nation increases at the rate of 1% per month, it will double in 72 months, or six years.

Step-by-step explanation:

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tensa zangetsu [6.8K]

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3 years ago

Look at the image below

Alexandra [31]

that's what I got, you can confirm if it's correct or not... I'm not sure

have a nice dayʘ‿ʘ