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use the "rule of 72".

It states that money in the bank will double in a number of years if you divide 72 by the interest rate paid per year.
For example:

If I can get 7.2% interest per year my money will double in 10 years, because 72/7.2 = 10.

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Q: 1500 a month deposited each month how much will it be after 12 years?
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