Using the Rule of 72, How Long Will It Take

question 58

Multiple Choice

Using the Rule of 72, how long will it take something growing at 1% per year to double

• A)100 years
• B)72 years
• C)50 years
• D)720 years

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Definitions:

Elimination Of Waste

The process of identifying and removing unnecessary processes, materials, and activities to improve efficiency.

Positive Return

A positive return occurs when an investment generates a profit, indicating that the final value is greater than the initial investment amount.

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of achieving business goals.

Future Activities

Planned actions or tasks that are intended to be executed in the future time.