vbkelley0911 vbkelley0911
  • 10-09-2021
  • Mathematics
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5. What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.

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coolquezzie
coolquezzie coolquezzie
  • 10-09-2021

Answer: Brainly please

Step-by-step explanation:

You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require an interest rate of about 12 percent.

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