Using the Rule of 72, How Many Years Does It

question 27

Multiple Choice

Using the Rule of 72, how many years does it take for an account balance to double at an 8% interest rate?

• A) 10
• B) 9
• C) 8
• D) 7

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Definitions:

Zen Buddhism

A branch of Mahayana Buddhism that emphasizes meditation, personal insight, and simplicity to achieve enlightenment.

Legends of Mount Shigi

Likely refers to historical or religious narratives associated with Mount Shigi in Japan, though not a widely recognized term in literature or history.

Pious Buddhist Tales

Stories within Buddhist literature that illustrate the moral virtues and ethical principles of Buddhism, often focusing on the lives and teachings of the Buddha and his followers.

Jomon Culture

A prehistoric Japanese culture distinguished by its pottery, characterized by cord-marked patterns, dating from about 14,000 B.C. to 300 B.C.