Approximately how long would it take to double my money if I invest it now at 18%?
A) 6 years
B) 4 years
C) 12 years
D) Cannot be determined

Name: Approximately how long would it take to double my money if I invest it now at 18%? A) 6 years B) 4 years C) 12 years D) Cannot be determined
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The Rule of 72 states that to estimate the number of years for your investment to double, divide 72 by the expected annual rate of return. Therefore, 72/18 = 4 years.

Approximately How Long Would It Take to Double My Money