Denise put $95 into a cd that pays 5.2% interest compounded monthly. according to the rule of 72, approximately how long will it take for her money to double? round your answer to the nearest tenth.

It will take 13.67 months for her money to double

Step-by-step explanation:

We are given

Denise put $95 a cd

so, P=95

that pays 5.2% interest compounded monthly

so, r=0.052

We are given

Her money gets doubled

so, A=2*95=190

now, we can use formula

where

t is time in months

we can plug values

now, we can solve for t

step-by-step explanation:

points a and b are equidistant from the desired line, so the line you find by using them will go through point r.

using points other than a and b will give the desired line only if they are equidistant from r. if they are randomly located, the perpendicular line you create will not necessarily go through point r, hence will not be a solution to the problem.

median- 36f

mode - none

mean- 33.7 ~ 34f