averyjesperson averyjesperson
  • 08-03-2022
  • Mathematics
contestada

How many years it will take to double your money if your
beginning balance is $1,000.00 and earns 10% interest
compounded quarterly?

Respuesta :

keyana1485704 keyana1485704
  • 08-03-2022

Answer:

Step-by-step explanation:

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

Answer Link

Otras preguntas

Help please I don't want any link or ill report you‍♀️​
HELPPPP PLZZZZ “Our world is like a web made up of many strands, all connected together. Break one connection, and the whole web may change.” What might the aut
Please answer all 3! I will give brainliest and many points
I need help now plz the question is in the picture gl
The delegates at the Constitutional Convention agreed to
A 9-foot (ft) ladder and a 4-foot ladder are leaning against a house. The two ladders create angles of the same measure with the ground. The 4-foot ladder has a
Do you need to simplify 3/12?
HELP PLEASE!!! AND NO LINKS THANK YOU. Use integers to answer each question. a. A swimming pool drains at a rate of 45 L/min for 30 minutes. How much water drai
PLS PLS PLS PLS HELP I WILL MARK BRAINLIEST!!
Please help, you’ll get a lot of points.