Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1- what is a simple interest ? 2- what is compound interest , why is important? 3- the Rule of 72 suggest that and amount
1- what is a simple interest ? 2- what is compound interest , why is important? 3- the Rule of 72 suggest that and amount will double in 12 yeas at 6 percent compuond annual rate or double in 6 years ...
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started