Solve the problems below.
Solve the problems below.
You deposit $12,000 in a savings plan with an annual rate of 2%. How long will it take to double your money?
You deposit $2,000 in a savings plan with an annual rate of 9%. How long will it take to double your money?
You deposit $4,000 in a savings plan with an annual rate of 4%. How long will it take to double your money?
You deposit $5,600 in a savings plan with an annual rate of 3%. How long will it take to double your money?
You deposit $600 in a savings plan with an annual rate of 1%. How long will it take to double your money?
You have invested $800 at 12% interest. According to the Rule of 72, how soon will the money double in value?
Four types of savings accounts are: _______________