It will take 14.7 years for Armando's money to double.
Option C
<u>Explanation:</u>
The rule of 72 is generally used to estimate the number of years required to double the invested money at a given annual rate of return. And alternatively to find the number of years required to double the money at a given interest rate, we have to just divide the interest rate into 72.
Here, the interest rate is 4.9%. Therefore, it would be as follows
Rule 72 can be used to identify the following:
- Number of years it takes an investment to double,
- Number of years it takes debt to double,
- The interest rate must earn to double in a time frame,
- Number of times debt or money will double in a period of time.
Yep that's the right answer man great job!
Answer:
4.295
Step-by-step explanation:
there ya gooooooooo
Answer:
The missing variable
Step-by-step explanation:
D=2
The slope is 5/2. You can find the slope by using y2-y1/x2-x1. 7-2/6-4= 5/2.