Raymond B. answered 04/27/23
Math, microeconomics or criminal justice
70/,5= 140 years to get from 2,000 to 4,000
but maybe you meant 5%? not .5%
if so then
70/5= 14 years to double
Diane N.
asked 04/27/23Sarah invests $2000 into her bank account with an annual interest rate of 0.5%. Using the Rule of 70 (NOT the exact solution!), how many years will it take for her investment to reach $4000? (Round up to the nearest whole number)
Raymond B. answered 04/27/23
Math, microeconomics or criminal justice
70/,5= 140 years to get from 2,000 to 4,000
but maybe you meant 5%? not .5%
if so then
70/5= 14 years to double
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