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.
Chat with our AI personalities
$35144.44
Simpli
FV=2000*[(1+0.006)to the power 3] FV=2000*[(1+0.006)to the power 3]
8 years is 2922 days or 4,207,680 minutes or 252,460,800 seconds If the month is 30 days, add that or 43,200 minutes or 2,592,000 seconds. Each day plus or minus is 1440 minutes or 86,400 seconds
The answer is the letter "M".