The Rule of 72 Can Be Used to Quickly Estimate

question 19

True/False

The Rule of 72 can be used to quickly estimate interest rates necessary to double your money in a given time period without the use of a spreadsheet or calculator.However,the rule does NOT work for estimating growth rates.

---

Definitions:

Child Abuse

Physical, sexual, emotional abuse, or neglect of a child by a parent, guardian, or caregiver.

Fugue State

A scarce mental disorder distinguished by reversible forgetfulness pertaining to self-identity, encompassing memories, individual personality, and other features that distinguish an individual.

Personal Identity

The concept of self that is developed over time through experiences, relationships, and internal reflection.

Amnesia

A condition characterized by the loss of memory, usually resulting from brain injury, disease, or psychiatric trauma.