If a savings account pays 5 percent annual interest, then the rule of 70 tells us that the account value will double in approximately 14 years.

Name: If a savings account pays 5 percent annual interest, then the rule of 70 tells us that the account value will double in approximately 14 years.
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The Rule of 70 is a way to estimate the number of years it takes for an investment to double, by dividing 70 by the annual rate of return. In this case, 70 divided by 5 equals 14 years.

If a Savings Account Pays 5 Percent Annual Interest, Then