Question

According to the rule of 72, the doubling period is equal to:

a, 0.35 + (72 / Interest rate)
b, 0.35 + (69 / Interest rate)
c, 69 / Interest rate
d, 72 / Interest rate​

Answer 1

Explanation:

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Answer 2

Answer:

Explanation:

Rule of 72 is  used to calculate the inflation rate. Let say the interest rate is 10 % then to calculate inflation effect  we use

= 72/ interest rate

= 72/10

= 7.2 inflation effect.

It generally used when the rate is low, to estimate the years.

It is just similar to Rule 69

So, the answer is 72/ interest rate