Rule of 72 Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year?
A)0.08 years
B)8 years
C)8.33 years
D)12 years

Question

Quizplus · Accepted Answer

The Answer of Rule of 72 Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year?
A)0.08 years
B)8 years
C)8.33 years
D)12 years

Rule of 72 Approximately How Many Years Does It Take