According to the Rule of 72, you can do which one of the following?
A) Approximately double your money in five years at 7.24 percent interest
B) Double your money in 7.2 years at 8 percent interest
C) Approximately double your money in 11 years at 6.55 percent interest
D) Triple your money in 7.2 years at 7.2 percent interest
E) Approximately triple your money in 7.2 years at 10 percent interest

Question

Quizplus · Accepted Answer

The Rule of 72 is a quick way to estimate how long it will take to double your money at a given interest rate. The rule states that you can divide 72 by the interest rate to get the approximate number of years it will take to double your money. For example, if the interest rate is 7.24 percent, it will take approximately 72 / 7.24 = 10 years to double your money.

According to the Rule of 72, You Can Do Which