madisonelaine1567 madisonelaine1567
  • 10-04-2021
  • Business
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Using the rule of 72 how many years will it take to double $5,000 earning 4 percent interest

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sanjeevvinay474
sanjeevvinay474 sanjeevvinay474
  • 10-04-2021

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.

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shuyita3 shuyita3
  • 04-05-2021

Answer:

Explanation:

it’s 12 %

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