Interest and the rule of 72
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Question 1 of 6
1. Question
You put $3,000 in a savings account that earns 2% annual simple interest. How much money will you have after a total of 4 years?
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Question 2 of 6
2. Question
You put $2,000 in a 3 year CD that earns 3% interest that compounds annually. How much will you have after 3 years?
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Question 3 of 6
3. Question
You deposit $500 into an account earning 2% interest. How long will it take you tao double your money if you add nothing to it?
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Question 4 of 6
4. Question
Your emergency funds earns 1.5% simple interest. Your initial deposit was $1,000. How much will you have in total after 6 years?
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Question 5 of 6
5. Question
How long would it take to double your money in an account earning 3% interest, if you add nothing to it?
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Question 6 of 6
6. Question
You deposit $3,000 in an account earning 2.5% interest compounded yearly. How much will you have after 4 years?
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