Dividing the number seventy-two by an interest rate yields
A)the square root of seventy-two.
B)the lowest common denominator of seventy-two.
C)the real interest rate after seventy-two years.
D)the Rule of 72.

Question

Quizplus · Accepted Answer

Dividing 72 by an interest rate results in the number of years it will take for an investment to double in value, which is known as the Rule of 72. Therefore, the best choice is D. Choices A, B, and C do not accurately describe the result of dividing 72 by an interest rate.

Dividing the Number Seventy-Two by an Interest Rate Yields