Thurman put $900 into a CD that pays 4.1% interest compounded daily. According to the rule of 72, approximately how long will it take for his money to double? Round your answer to the nearest tenth.
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YoursTruly:
@Vocaloid
YoursTruly:
@Allison
Allison:
When you don't know how to do it so you just stand there stalking and just star the person...
ThisGirlPretty:
@Arcadiouse
ThisGirlPretty:
@Goldenmattman2003 Can ya help?
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Allison:
@Vocaloid Haii Oli. Halp here~
Goldenmattman2003:
Hello I'll try my best
Goldenmattman2003:
Well if it adds up daily...
Goldenmattman2003:
What's 4.1?
SourMunchkin7806:
Can you tell me what the rule of 72 is.
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SourMunchkin7806:
I have two answers...using what it think is the rule of 72 i have 29.2 which we need to round up to 22...my second being 49. I got 22 by basicaly dividing 72 by 900 then multiplying that number by 365 (the days in the year)...i got 49 by dividing 1800 (the doubled number of 900) by 4.1
Goldenmattman2003:
Great answer:
SourMunchkin7806:
Your joking right lol
Goldenmattman2003:
Me?
SourMunchkin7806:
Yes you.
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