Solved

Write the Rule of 70

Question 111

Essay

Write the rule of 70. Suppose that your great-great-grandmother put $50 in a savings account 100 years ago and the account is now worth $1,600. Use the rule of 70 to determine about what interest rate she earned.

Correct Answer:

verifed

Verified

$1,600/$50 = 32. The rule of 70 says tha...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions