Using the Rule of 72, How Long Will It Take

question 71

Multiple Choice

Using the Rule of 72, how long will it take something growing at 3% per year to double

• A)100 years.
• B)72 years.
• C)24 years.
• D)216 years.

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Definitions:

Fair Die

A die that has an equal probability of landing on any of its faces when thrown.

Probability

A mathematical measure of the likelihood of an event occurring, often expressed as a number between 0 and 1.

Insomnia

A sleep disorder characterized by difficulty falling and/or staying asleep.

Probability

The quantification of how probable it is for an event to happen, shown as a number ranging from 0 to 1, with 0 meaning it cannot happen and 1 meaning it will definitely happen.