Samantha Jee Put $3,000 into a Mutual Fund Yielding a 12

Multiple Choice

Samantha Jee put $3,000 into a mutual fund yielding a 12 percent annual rate of return.Using the Rule of 72,calculate approximately how long it will take for the investment to double in value.

A) Two years
B) Two years and four months
C) Six years
D) Seven years and four months