10
QuizMultiple Choice

Investing

Question 10 • Algebra II - MA3111 A-CR

Jill invested $500 in an account with a compound interest rate of 6%. Cheryl invests $600 in an account with a compound interest rate of 4%.Find out in how many years each doubles her money. Using the rule of 72, , what is the difference in the number of years to double their money?

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Answer

Correct Answer:

6 years