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31 March, 03:19

Mike has his money in a savings account earning 3 percent interest. How long will it take for his money to double?

twelve years

two years

twenty-four years

eighteen years

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Answers (1)
  1. 31 March, 03:48
    0
    By using 72 rule

    72/rate=time

    t=72:3

    t=24 years
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