Using the Rule of 72, How Long Will It Take

question 113

Multiple Choice

Using the Rule of 72, how long will it take something growing at 2% per year to double

• A)100 years.
• B)50 years.
• C)36 years.
• D)144 years.

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Definitions:

Point

A specific location in space with no dimension, represented by coordinates.

General Form

A standard way to write equations that allows for easy identification of key components.

Points

Defined locations in space, often represented as coordinates in a geometric or algebraic context.

Linear Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear, or evenly spread, manner.