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.

---

Definitions:

Archetypes

Universally recognized symbols or patterns of behavior that are instinctively understood by all humans, often used in analyzing myths and storytelling.

Defense Mechanisms

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Implicit Memories

Implicit memories are memories that influence our behaviors without conscious awareness, such as skills and procedures acquired through experience.

Achievement Motivation

A desire for significant accomplishment, for mastery of skills or ideas, for control, and for attaining a high standard.