@Nurali @countonme123

Buffy just put some money into a CD that pays 10.1% interest, compounded monthly. According to the rule of 72, in approximately how many years will she have 4 times the amount of money that she has now?

A. 7.1 years
B. 21.4 years
C. 28.5 years
D. 14.3 years

Question

@Nurali @countonme123 

Buffy just put some money into a CD that pays 10.1% interest, compounded monthly. According to the rule of 72, in approximately how many years will she have 4 times the amount of money that she has now?

 		A.	7.1 years
 		B.	21.4 years
 		C.	28.5 years
 		D.	14.3 years

anonymous · Answer

28.5? i think

anonymous · Answer

yup you do the same thing but multiply by 4 for 4 times the amount

anonymous · Answer

correct answer is D, so it's 14.3 years 
apexvs.com