How long would it take for a deposit to double if the annual interest rate is 5%?
Show your work

24

Step-by-step explanation:

24

Given-

Annual interest rate = 5%

By using the rule of 72,

Rate x Time = 72

Rate = 5%

t = ?

So,

5 x t = 72

5t = 72

Isolate t by dividing both sides by 5 :-

→ 5t/5 = 72/5

→ t = 14.4 years

Hence, it will take 14.4 years for the deposit to double at 5% annual rate.

✍️ By Benjemin ☺️

none of the above.

for one of the equations to be used in the process, there has to be a term in the equation since squared is .

since there is only a term in the first equation, we cannot derive a from completing the square.

solving with completing the square

-7/8

step-by-step explanation:

instead of subtracting you add the -6/8 and -1/8