Asked by anon

A person invested $17100 at 7.3% interest compounded quarterly. Estimate the number of years for the investment to double.

A) 23 B) 33 C) 10 D) 12
Answered by Reiny
since we are estimating, by the rule of 72
time = appr 72/7.3 = 9.86

so what is your estimation?
Answered by anon
10 C
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