Q1.

Intro

You have $3,000 in your savings account, and want to buy a car for $15,000.

Attempt 1/5 for 10 pts.

Part 1

If you are not depositing any new money into your account and the interest rate on your savings account is 2% per year, how many years do you have to wait before you can buy the car?

Q2.

Intro

Your neighbor is boasting that the value of his home doubled in just 10 years.

Attempt 1/5 for 10 pts.

Part 1

Using the rule of 72, what is the annual return he achieved? Enter your answer with the percentage sign!