You Could Double Your Money in About 9 Years If

question 39

Multiple Choice

You could double your money in about 9 years if you could earn an annual rate of return of what? Use the Rule of 72 to determine your answer.

• A) You would need to earn an annual rate of return of about 12%.
• B) You would need to earn an annual rate of return of about 10%.
• C) You would need to earn an annual rate of return of about 8%.
• D) There is not enough information to answer this question.

---

Definitions:

Employment Flexibility

The ability of the workforce to quickly adapt to changing circumstances, often involving variable working hours, locations, and job functions.

Pay Flexibility

The ability of employers to adjust wages based on factors such as market conditions, employee performance, or economic pressures.

Functional Flexibility

The ability of an organization to adapt and respond to changes by reallocating and utilizing its resources or workforce in different functions or roles.

Procedural Flexibility

The ability to adapt and change procedures and processes to meet different circumstances or preferences.