According to the Rule of 72

question 16

Multiple Choice

According to the rule of 72:

• A) any amount should double in value in 72 months if invested at 10%.
• B) 72/interest rate is the number of years approximately it will take for an amount to double.
• C) 72 × interest rate is the number of years it will take for an amount to double.
• D) the interest rate divided by the number of years invested will always equal 72%.