Which Statement About the Rule of 70 Is NOT True

question 116

Multiple Choice

Which statement about the Rule of 70 is NOT true?

• A) It is a valuable tool for understanding the power of compounding growth rates over time.
• B) It is fairly accurate for small growth rates.
• C) It becomes more accurate over time.
• D) It is an easy way to approximate the number of years it takes for an amount to double in value.

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