Denise put $95 into an account that pays 5.2% interest, compounded monthly. According to the rule of 72, approximately how long will it take for her money to double?

A. 13.8 years
B. 18.3 years
C. 182.7 years
D. 138.5 years

@calculusxy @countonme123

Question

Denise put $95 into an account that pays 5.2% interest, compounded monthly. According to the rule of 72, approximately how long will it take for her money to double?

 		A.	13.8 years
 		B.	18.3 years
 		C.	182.7 years
 		D.	138.5 years

@calculusxy @countonme123

anonymous · Answer

95 divided by 5.2=
18.269
so B 18.3

calculusxy · Answer

You have to divide 72 by 5.2%, in which it will result to 13.84~13.8 years

anonymous · Answer

im confused

anonymous · Answer

http://en.wikipedia.org/wiki/Rule_of_72 @divagirl421

anonymous · Answer

cal is right i accidentally did the money not the rule lol sorry about that

anonymous · Answer

ooo ok thats y i was confused

anonymous · Answer

how much money that is involved is not important they throw that in to confuse you