The Rule of 72 States That the Time It Will

question 97

True/False

The Rule of 72 states that the time it will take for an investment to double in value equals approximately 72/r, where r is expressed as a percentage.

---

Definitions:

Tools

Instruments or devices that are used to carry out a particular function, typically to make jobs easier or more efficient.

Knowledge

The information, understanding, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Social Prestige

The level of respect, admiration, or esteem that a person or group enjoys within a society, often derived from wealth, skill, or achievement.

Natural Environment

The physical, chemical, and biological features and processes that make up the surroundings of all living organisms.