Question: if interest is 4% per year, compounded annually, and the interest earned is deposited at the end of each year. Using the Rule of 72,

if interest is 4% per year, compounded annually, and the interest earned is deposited at the end of each year.

Using the Rule of 72, determine approximately how long it will take for Carolyn to double her money. Can you find more than one method of doing this?

Please show the full steps to solving. thanks

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