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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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Asked 9/19/2012 11:18:14 AM
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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?
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Updated 267 days ago|11/5/2015 9:44:44 PM
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Paul needs to sell 21.875 shares. 700/32 = 21.875
Added 267 days ago|11/5/2015 9:44:44 PM
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