If Jenn could get a 10 percent annual return on her investment holdings,how long would it take for her to double her money?
A)7)3 years
B)6)9 years
C)10.0 years
D)83.5 years

Question

Quizplus · Accepted Answer

The rule of 72 is a quick way to estimate how long it will take for an investment to double in value. To use the rule, simply divide 72 by the annual return rate. In this case, Jenn's annual return rate is 10%, so it will take her approximately 7.2 years to double her money.

If Jenn Could Get a 10 Percent Annual Return on Her