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Mathematics 12 Online
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?

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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