menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Issues in Economics Today
  4. Exam
    Exam 7: Interest Rates and Present Value
  5. Question
    Using the Rule of 72, How Long Will It Take
Solved

Using the Rule of 72, How Long Will It Take

Question 113

Question 113

Multiple Choice

Using the Rule of 72, how long will it take something growing at 2% per year to double


A) 100 years.
B) 50 years.
C) 36 years.
D) 144 years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: If a person is going to pay

Q89: An increase in the confidence that equipment-buying

Q109: If you are anticipating having to pay

Q110: If an investment requires payment of $10,000

Q112: If a person is going to pay

Q114: Using an interest rate of 5%, which

Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2628/.jpg" alt=" -Assuming that Figure

Q116: The notion of business investment being related

Q117: A decrease in the interest rate will<br>A)increase

Q118: If the inflation rate is 3% and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines