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Score: Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?
Weegy: 36 years to double. use the rules of 72. Let R * T = 72, where R = the rate of growth (for example, interest rate), T = doubling time (for example, time it takes to double an amount of money). Plug in the value for R = rate of growth. [ For example, how long does it take to double $100 to $200 at an interest rate of 2% per annum? Substituting R = 2, we get 2 * T = 72. = 36 years. ] (More)
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Expert Answered
Asked 9/19/2012 11:18:14 AM
0 Answers/Comments
Each of these is a retirement account, except _____. an IRA a mutual fund a 401(k) a 403(b)
Question
Updated 124 days ago|8/8/2016 10:56:42 AM
1 Answer/Comment
Each of these is a retirement account, except a mutual fund.
Added 124 days ago|8/8/2016 5:38:40 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [8/8/2016 10:56:43 AM]
Paul would like to spend $700 on a vacation. He will sell some of his stock to pay for the vacation. If the stock is worth $32 per share, how many shares will Paul need to sell?
Question
Not Answered
Updated 11/5/2015 9:44:44 PM
1 Answer/Comment
Paul needs to sell 21.875 shares. 700/32 = 21.875
Added 11/5/2015 9:44:44 PM
William carefully looked over a _____ before he signed it and moved into his new apartment. User: Doug's printing business had a revenue of $6,000 and operating costs of $4,000. How much profit did his business make?
Question
Not Answered
Updated 53 days ago|10/18/2016 3:45:45 PM
1 Answer/Comment
$6,000 - $4,000 = $2,000
Doug's printing business had a revenue of $6,000 and operating costs of $4,000. His business made $2,000 profit.
Added 53 days ago|10/18/2016 3:45:45 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by vchutkan [10/18/2016 3:46:19 PM]
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