Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
Question 6 options:
10 years
9 years
8 years
7 years
11 years
7.2 years
Answers
Answered by
1
Answer:
10 years.
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Step-by-step explanation:
Rate: 7.2
Rule 72
= 72/7.2
=10 years Answer
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