The "Rule of 72" States That Invested Money Doubles in Value

question 21

Multiple Choice

The "rule of 72" states that invested money doubles in value if the product of the interest rate (in percentage form) and time invested (in years) equals 72. Assuming continuous compounding, what exactly must the product be for money to double?

• A) 69
• B) 71
• C) 73
• D) 75

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Definitions:

Acquisitive Panic

A mass, irrational rush to purchase goods, often fueled by fear, scarcity, or social influence, leading to shortages and market disruption.

Collective

Pertaining to a group or assembly of people acting together for a common purpose or goal.

Groupmind

A concept describing the collective consciousness or shared intelligence of a group, often leading to unified decision-making.

Collective Movements

Organized group actions aimed at achieving a common goal, often related to social, political, or environmental change.