As per the rule of 72, the time to double your money (TDM) approximately equals:
A) 72/n.
B) 72/i.
C) 72/Initial investment.
D) 72/Future value.

Question

Quizplus · Accepted Answer

The rule of 72 states that the time to double your money is approximately equal to 72 divided by the interest rate that you are earning. Therefore, the correct formula for TDM is 72/i, where i represents the interest rate.

As Per the Rule of 72, the Time to Double