According to the Rule of 72, What Approximate Interest Rate

question 43

Multiple Choice

According to the Rule of 72, what approximate interest rate is being offered on a deposit that doubles in value over an eight-year period?

• A)7.2 percent
• B)8.0 percent
• C)9.0 percent
• D)12.5 percent

---

Definitions:

Distinct Sexes

The classification of individuals based on biological differences in reproductive anatomy and functions, traditionally categorized into male and female.

Reproductive Anatomy

The set of organs and structures in the body related to reproduction, varying between sexes and including components such as ovaries, testes, and the uterus.

Sexual Development

The process of physical and emotional changes that occur as a person goes through puberty, leading to the development of secondary sexual characteristics and sexual maturity.

Androgens

A group of hormones, including testosterone, that play a role in male traits and reproductive activity but are also present in females in smaller amounts.