The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. You want to double your initial investment of $5,000. You put your money in a high yield interest-bearing account earning 6% per year. How long will it take to double your money?

At river bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge. calculate the income earned in one month on the checking account for a customer with an account balance of $1,000. a. $4.25 b. $5.50 c. $6.75 d. $7.25 checking account earnings at baker’s bank are expressed by the equation: i = -0.09x + 10.2. while the earnings at elite bank are modeled by: i = -0.02x + 7.5. in both cases, x is the number of checks written. at what number of checks will elite bank start generating more checking account income than baker's bank? a. 12 b. 25 c. 39 d. 42 emilio’s checking account had a balance of 728.32 at the beginning of the week. he wrote checks for the following amounts throughout the week: $99.48, $33.50, $18.23, and $72.05. he also deposited his paycheck in the amount of $1,109.90. what is his account balance at the end of the week? a. $1,192.35 b. $1,222.86 c. $1,540.52 d. $1,614.96