1) Using the Rule of 72, estimate the annual interest rate required to turn $1000 into $2000 in approximately twelve years?

A) 4%

B) 6%

C) 8%

D) 10%

2) Suppose that you invested $100 in a bank account that earned an annual rate of return of 10%. How much would you have in that bank account at the end of 10 years?

A) $259.37

B) $238.55

C) $293.74

D) $214.46

E) $279.23

3) What is the annual interest rate earned on a deposit that grew from $60 to $111.06 over the last 8 years?

A) 14%

B) 12%

C) 8%

D) 6%