Which of the Following Statements Is True of the Rule

question 2

Multiple Choice

Which of the following statements is true of the rule of 72?

• A) It can be used to determine the amount of time it takes to double an investment.
• B) It is fairly accurate for interest rates between 25 and 50 percent.
• C) It states that the time to double your money (TDM) approximately equals 72/i, where i represents the years it takes to double your investment.
• D) It can be used to estimate approximate compound interest earned for a period of 72 days.

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Definitions:

Sacred Mountain

A mountain or hill considered holy or spiritually significant in various religions and cultures, often the site of pilgrimages and rituals.

West Mexico

A region notable for its archaeological sites, including shaft tombs and characteristic figurines, reflecting the area's pre-Columbian cultures.

Archaeological Work

The systematic study of past human life and culture by the recovery and examination of remaining material evidence, such as graves, buildings, tools, and pottery.

Tiered Platforms

Multi-level structures used in architecture and design to create distinct areas of elevation.