At 3 percent interest, it will take ________ years to double an amount of money invested
A) 12
B) 24
C) 36
D) 48
E) 72
B
Explanation: B) The rule of 72 is an easy way to figure out how long it will take to double your money at a given interest rate. All you have to do is divide the investment's interest rate into 72: 72 ÷ 3 = 24.
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