Question

What is the annual interest rate? Any capital will double in 6 years​

Answer 1

Explanation:

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about 12 percent.

• You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require an interest rate of about 12 percent.

Answer 2

Answer:

Answer:To use The rule of 72 in order to determine the approximately length of time it will take for your money to double simply divided 72 by the annual interest for example the interest rate earned is 6% it will take 12 years (72 divided by 6) for your money to double