naya99 naya99
  • 03-06-2018
  • Mathematics
contestada

On January 1, 1970, Los deposited $1950 into a savings account paying 6.6% interest, compounded semiannually. If she hasn't made any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did her balance hit $3900, according to the rule of 72?

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halada5746 halada5746
  • 06-04-2020

Answer: 1980

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