Doug invested 2 500 into a certificate of deposit earning 6 5 0 interest. If he earned an average of 4 on the account how many times did it double.
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Explain why there is a difference.
Rule of 72 worksheet answer key pdf. Use the rule of 72 to determine how long it will take the principal in this example to double. Total points earned. Total points possible.
Rule of 72 math answer key. He is now 65 years old and ready to retire. Interest rate actual years rule of 72 1 69 66 72 00 2 35 00 36 00 3 23 45 24 00 4 17 67 18 00 5 14 21 14 40 6 11 90 12 00 7 10.
What is the value at age 65. The average stock market return since 1926 has been 11 0. The answers can be easily discovered by knowing the rule of 72.
According to the rule of 72 how often will an individuals investment double. Rule of 72 worksheet free printable reading with questions for grade 7 12 economics pdf file. This table illustrates just how close the rule of 72 is to the actual doubling time.
Rule of 72 math answer key date class directions. Saving investing worksheet answer key 1 d. Bryce invested 30 000 in his employee sponsored retirement account when he was 23 years old.
View download and print rule of 72 financial math worksheet with answer key pdf template or form online. Use the table below to answer the following questions. Bryce invested 30 000 in his employee sponsored retirement account when he was 23 years old.
72 6 5 11 years 2. Things individuals must remember about the rule of 72 include. Interest rate actual years rule of 72 1 69 66 72 00 2 35 00 36 00 3 23 45 24 00 4 17 67 18 00 this table illustrates just how close the rule of 72 is to the actual doubling time comparing the math.
Use the rule of 72 to answer the following questions. How long will it take to double doug s investment. Rule of 72 key 1.
Inflation has the effect of lowering the purchasing. He is now 65 years old and ready to retire. Nd the accurate doubling time the rule of 72 is useful for mental calculations or when only a basic calculator is available.
B 2 inflation is the general increase in the price of goods and services. Compare the savings results from simple and compound interest. 72 11 6 5 years 3.
19 financial math worksheet templates are collected for any of your needs. Saving investing worksheet 1 use the rule of 72 to approximate the following. Use the rule of 72 to answer the following questions.
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