Question

On March 1, 1982, John deposited $2250 into a savings account paying 5.76% interest, compounded quarterly. If he hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $4500, according to the rule of 72?

A.

1994

B.

1992

C.

1991

D.

1993

Answer 1

i think its 1994 @ganeshie8

Answer 2

a

Answer 3

it is 1994