According to the Rule of 70, It Takes 70 Years

question 184

True/False

According to the Rule of 70, it takes 70 years for a sum of money to double in value when the interest rate is 5 percent.​

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Definitions:

Circle Graph

A circular chart divided into sectors, each representing a proportion of the total; also known as a pie chart.

Sales Revenues

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Prescription Medicine

Medications that can only be obtained with a written order from a licensed healthcare provider.

Histogram

A graphical representation of data that groups numbers into ranges, showing the frequency of data points within those ranges as bars.