@calculusxy @countonme123

Sherman deposited $100 into a bank that offers 3.7% interest rate, compounded daily. In how many years will his balance be $200?

A. 17.7 years
B. 18.6 years
C. 19.5 years
D. 13.2 years

i got c

Question

@calculusxy @countonme123 

Sherman deposited $100 into a bank that offers 3.7% interest rate, compounded daily. In how many years will his balance be $200?

 		A.	17.7 years
 		B.	18.6 years
 		C.	19.5 years
 		D.	13.2 years

i got c

anonymous · Answer

hmm this is weird because 3.7 off 100 is $3.70 stacked daily that seems like it wouldn't take long to hit 200

anonymous · Answer

Do you guys have any ideas??? Is the question posted correctly?

anonymous · Answer

o i didnt do it right

anonymous · Answer

HA! I knew it!

calculusxy · Answer

I am confused and all the strategies aren't working.

anonymous · Answer

Let us know when you fix it @divagirl421

anonymous · Answer

no i mean like i didnt do the calculations correct ig but its the correct question

calculusxy · Answer

What are your calculations?

anonymous · Answer

Well sorry but you are on your own for this one

anonymous · Answer

i did 72 / 3.7=19.4594..

calculusxy · Answer

Your correct!

anonymous · Answer

no one said to use the rule of 72 here...

anonymous · Answer

yayyyyy

anonymous · Answer

but is what the lesson is all about so i thought i would try it

anonymous · Answer

its correct:)

anonymous · Answer

well i guess good job

calculusxy · Answer

If I don't answer then I will be around. But will be still be logged on.

anonymous · Answer

ok