Using the Rule of 72, How Long Will It Take

question 43

Multiple Choice

Using the rule of 72, how long will it take $1,000 to double if you earn 6% interest per year?

• A) 6 years
• B) 10 years
• C) 7.2 years
• D) 12 years
• E) Cannot calculate with information provided.

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Definitions:

Introductory Approach

The initial method or strategy used to engage a potential client or customer, introducing the offerings of a business.

Winter Makeup

Winter makeup refers to cosmetic products and styles specifically suited or designed for colder weather conditions, often focusing on moisturization and bold colors.

Customer Benefit Approach

A sales strategy focusing on communicating the advantages and positive outcomes that a customer will gain from a product or service.

Referral

The act of recommending a product, service, or company to someone else, often based on personal experience.