The rule of 70 indicates that if the growth rate of a variable is X percent per year, the variable will double in

Question

Quizplus · Accepted Answer

The rule of 70 states that if you divide 70 by the growth rate of a variable, you will get the approximate number of years it takes for that variable to double. Therefore, the formula is:
Number of years to double = 70 ÷ growth rate
So, if the growth rate is X percent per year, the number of years to double is:
70 ÷ X years. Thus, the correct answer is option D.

The Rule of 70 Indicates That If the Growth Rate