Reba put $61 into a CD that pays 6.5% interest compounded semi-annually. According to the Rule of 72, approximately how long will it take for her money to double?
A. 11.1 years
B. 93.8 years
C. 110.8 years
D. 9.4 years
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Reba put $61 into a CD that pays 6.5% interest compounded semi-annually. According to the Rule of 72, approximately how long will it take ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » Reba put $61 into a CD that pays 6.5% interest compounded semi-annually. According to the Rule of 72, approximately how long will it take for her money to double? A. 11.1 years B. 93.8 years C. 110.8 years D. 9.4 years