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OpenStudy (anonymous):
Lars deposited $50 into a savings account for which interest is compounded quarterly. According to the rule of 72, what interest rate will cause his money to double in approximately 29 years?
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OpenStudy (anonymous):
A. 0.6% B. 1.7% C. 2.5% D. 0.4%
undeadknight26 (undeadknight26):
Do you know the rule of 72???
undeadknight26 (undeadknight26):
Here this may help you. http://www.investopedia.com/ask/answers/04/040104.asp
OpenStudy (anonymous):
is it B ?
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