Which of the following tells you how long it will take to double your money?

Name: Which of the following tells you how long it will take to double your money?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Rule of 72 is a simple formula used to estimate the number of years required to double the invested money at a given annual rate of return. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

Which of the Following Tells You How Long It Will