Double your

wealth.

Kant Miss Company is promising its investors that it will double their money every

3

years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest

$250

now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach

$30,000?

Using the Rule of 72, what annual rate is Kant Miss promising?

nothing%

(Round to the nearest whole percentage.)