According to the Rule of 72, You Can Do Which

question 19

Multiple Choice

According to the Rule of 72, you can do which one of the following?

• A) Approximately double your money in five years at 7.24 percent interest
• B) Double your money in 7.2 years at 8 percent interest
• C) Approximately double your money in 11 years at 6.55 percent interest
• D) Triple your money in 7.2 years at 7.2 percent interest
• E) Approximately triple your money in 7.2 years at 10 percent interest

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Definitions:

Warrantor

An individual or entity that guarantees the condition of a product or service.

Ratification

Ratification is the formal approval of an agreement, treaty, or contract, often by voting or through some legal process, making it officially valid.

Unauthorized Agent

An individual who acts on behalf of another party without having been given the legal or official authority to do so.

Breach Of Warranty

The violation of a promise, assertion, or guarantee made regarding the quality or nature of a product.