Mathematics, 11.04.2020 21:30, Mickey2018

According to the rule of 72, t = StartFraction 72 Over r EndFraction which statement is true?

An investment of $3,100 will double in 12 years at a compound interest rate of 5%.

An investment of $9,000 will double in 10 years at a compound interest rate of 7%.

An investment of $4,500 will double in 8 years at a compound interest rate of 9%.

An investment of $3,000 will double in 4 years at a compound interest rate of 12%.

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According to the rule of 72, t = StartFraction 72 Over r EndFraction which statement is true?
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