SOLUTION: Can you please help me with this problem? At 8%, $500 would be worth how much in 45 years? Use the rule of 72.

SOLUTION: Can you please help me with this problem? At 8%, $500 would be worth how much in 45 years? Use the rule of 72.

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Question 628431: Can you please help me with this problem?
At 8%, $500 would be worth how much in 45 years? Use the rule of 72.
Answer by unlockmath(1688) (Show Source): You can put this solution on YOUR website!
Hello,
We'll need to know more about this problem--is it simple interest or compound interest? We don't know what rule 72 is?
RJ
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